Insider Selling: Bridge Investment Group Holdings Inc. (NYSE:BRDG) Vice Chairman Sells 6,743 Shares of Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) Vice Chairman Dean Allara sold 6,743 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $10.65, for a total value of $71,812.95. Following the completion of the sale, the insider directly owned 643,200 shares of the company's stock, valued at $6,850,080. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dean Allara also recently made the following trade(s):

• On Tuesday, July 22nd, Dean Allara sold 6,285 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.46, for a total value of $65,741.10.
• On Monday, July 21st, Dean Allara sold 6,245 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.60, for a total value of $66,197.00.

Bridge Investment Group Stock Down 0.3%

NYSE BRDG traded down $0.04 on Friday, hitting $10.68. 310,045 shares of the stock traded hands, compared to its average volume of 580,879. The stock has a 50-day moving average of $9.85 and a 200 day moving average of $9.22. Bridge Investment Group Holdings Inc. has a twelve month low of $7.09 and a twelve month high of $11.69. The company has a market capitalization of $1.32 billion, a P/E ratio of -20.53 and a beta of 1.41. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.98.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.08). Bridge Investment Group had a negative net margin of 3.45% and a positive return on equity of 10.07%. The firm had revenue of $71.80 million for the quarter, compared to analyst estimates of $77.60 million. As a group, analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their price target on Bridge Investment Group from $10.00 to $10.50 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.70.

Institutional Trading of Bridge Investment Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kovitz Investment Group Partners LLC raised its stake in Bridge Investment Group by 1.1% during the first quarter. Kovitz Investment Group Partners LLC now owns 102,304 shares of the company's stock valued at $980,000 after buying an additional 1,116 shares in the last quarter. AlphaQuest LLC raised its stake in Bridge Investment Group by 107.1% during the first quarter. AlphaQuest LLC now owns 5,290 shares of the company's stock valued at $51,000 after buying an additional 2,736 shares in the last quarter. EP Wealth Advisors LLC raised its stake in Bridge Investment Group by 45.5% during the first quarter. EP Wealth Advisors LLC now owns 15,464 shares of the company's stock valued at $148,000 after buying an additional 4,836 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Bridge Investment Group during the first quarter valued at approximately $63,000. Finally, Franklin Resources Inc. raised its position in shares of Bridge Investment Group by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,295,065 shares of the company's stock worth $10,879,000 after purchasing an additional 8,218 shares during the period. Institutional investors and hedge funds own 52.83% of the company's stock.

About Bridge Investment Group

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.