Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 433,152 shares traded hands during trading, an increase of 15% from the previous session's volume of 375,950 shares.The stock last traded at $10.62 and had previously closed at $10.28.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company upped their price objective on Bridge Investment Group from $10.00 to $10.50 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $10.70.
Check Out Our Latest Analysis on Bridge Investment Group
Bridge Investment Group Stock Performance
The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a fifty day simple moving average of $9.80 and a 200-day simple moving average of $9.13. The stock has a market cap of $1.33 billion, a P/E ratio of -20.62 and a beta of 1.41.
Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.08). Bridge Investment Group had a positive return on equity of 10.07% and a negative net margin of 3.45%. The business had revenue of $71.80 million for the quarter, compared to the consensus estimate of $77.60 million. On average, equities analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BRDG. Bank of New York Mellon Corp raised its holdings in shares of Bridge Investment Group by 204.5% during the fourth quarter. Bank of New York Mellon Corp now owns 191,341 shares of the company's stock valued at $1,607,000 after purchasing an additional 128,505 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Bridge Investment Group in the 4th quarter worth about $168,000. Vanguard Group Inc. increased its stake in Bridge Investment Group by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company's stock valued at $29,242,000 after buying an additional 208,022 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Bridge Investment Group in the 4th quarter valued at about $133,000. Finally, Norges Bank purchased a new stake in Bridge Investment Group in the 4th quarter valued at about $597,000. 52.83% of the stock is currently owned by institutional investors and hedge funds.
Bridge Investment Group Company Profile
(
Get Free Report)
Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.
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