Corton Capital Inc. Sells 51,474 Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Corton Capital Inc. lessened its stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 76.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,464 shares of the company's stock after selling 51,474 shares during the quarter. Corton Capital Inc.'s holdings in Bridge Investment Group were worth $130,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BRDG. Aquatic Capital Management LLC acquired a new stake in shares of Bridge Investment Group during the 4th quarter worth about $95,000. Jane Street Group LLC bought a new position in shares of Bridge Investment Group in the third quarter worth $102,000. EntryPoint Capital LLC bought a new stake in Bridge Investment Group during the fourth quarter worth about $133,000. Raymond James Financial Inc. acquired a new stake in Bridge Investment Group during the fourth quarter worth about $168,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Bridge Investment Group in the 4th quarter valued at about $221,000. Institutional investors own 52.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BRDG shares. Wells Fargo & Company cut their target price on Bridge Investment Group from $11.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. UBS Group lifted their target price on Bridge Investment Group from $7.50 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.40.

Bridge Investment Group Trading Up 7.9%

Shares of NYSE:BRDG traded up $0.74 during midday trading on Monday, hitting $10.05. 715,405 shares of the stock were exchanged, compared to its average volume of 265,228. The business's 50-day moving average price is $9.25 and its 200 day moving average price is $9.07. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 251.24 and a beta of 1.46. Bridge Investment Group Holdings Inc. has a 12 month low of $6.81 and a 12 month high of $11.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.08). The business had revenue of $71.80 million for the quarter, compared to the consensus estimate of $77.60 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. Analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.

Bridge Investment Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.38%. This is an increase from Bridge Investment Group's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, March 14th. Bridge Investment Group's payout ratio is currently -84.62%.

Bridge Investment Group Profile

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.