DigitalBridge Group Inc. Raises Position in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

DigitalBridge Group Inc. lifted its position in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 508,035 shares of the company's stock after buying an additional 99,520 shares during the quarter. DigitalBridge Group Inc. owned approximately 0.42% of Bridge Investment Group worth $4,267,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC purchased a new position in Bridge Investment Group during the fourth quarter valued at $89,000. Aquatic Capital Management LLC purchased a new stake in shares of Bridge Investment Group in the fourth quarter worth about $95,000. Jane Street Group LLC bought a new stake in Bridge Investment Group in the 3rd quarter worth approximately $102,000. EntryPoint Capital LLC purchased a new stake in shares of Bridge Investment Group during the 4th quarter worth approximately $133,000. Finally, Raymond James Financial Inc. bought a new position in shares of Bridge Investment Group during the 4th quarter valued at approximately $168,000. Institutional investors own 52.83% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group boosted their target price on shares of Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Wells Fargo & Company dropped their price target on shares of 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. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, Bridge Investment Group currently has a consensus rating of "Hold" and an average price target of $10.40.

Bridge Investment Group Trading Down 1.1 %

BRDG stock traded down $0.10 during trading on Friday, hitting $9.31. The company had a trading volume of 262,813 shares, compared to its average volume of 262,991. Bridge Investment Group Holdings Inc. has a 52-week low of $6.73 and a 52-week high of $11.69. The company has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $9.09. The firm has a market capitalization of $1.15 billion, a P/E ratio of 232.81 and a beta of 1.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86.

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

Bridge Investment Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.11 per share. This is an increase from Bridge Investment Group's previous quarterly dividend of $0.10. The ex-dividend date was Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.73%. Bridge Investment Group's dividend payout ratio is presently 488.89%.

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.