Dimensional Fund Advisors LP Acquires 33,378 Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Dimensional Fund Advisors LP raised its stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,364 shares of the company's stock after purchasing an additional 33,378 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.18% of Bridge Investment Group worth $1,784,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BRDG. Jane Street Group LLC bought a new stake in shares of Bridge Investment Group during the 3rd quarter valued at $102,000. Y Intercept Hong Kong Ltd bought a new position in shares of Bridge Investment Group in the 4th quarter valued at $221,000. Jennison Associates LLC increased its stake in shares of Bridge Investment Group by 0.9% in the 4th quarter. Jennison Associates LLC now owns 3,402,475 shares of the company's stock valued at $28,581,000 after purchasing an additional 31,593 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Bridge Investment Group by 204.5% in the 4th 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 last quarter. Finally, Norges Bank bought a new position in shares of Bridge Investment Group in the 4th quarter valued at $597,000. 52.83% of the stock is owned by institutional investors and hedge funds.

Bridge Investment Group Stock Performance

Shares of BRDG stock traded down $0.08 during trading on Tuesday, hitting $9.98. The company's stock had a trading volume of 13,236 shares, compared to its average volume of 268,208. The company has a market cap of $1.24 billion, a PE ratio of 249.09 and a beta of 1.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $9.33 and a 200-day moving average of $9.04. Bridge Investment Group Holdings Inc. has a 52 week low of $6.81 and a 52 week high of $11.69.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released its earnings results 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 net margin of 1.92% and a return on equity of 9.91%. The business had revenue of $71.80 million during the quarter, compared to the consensus estimate of $77.60 million. As a group, research analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.

Bridge Investment Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.11 dividend. This is a positive change from Bridge Investment Group's previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date was Friday, March 14th. Bridge Investment Group's dividend payout ratio (DPR) is presently -84.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group boosted their price objective on Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Wells Fargo & Company reduced their price objective on Bridge Investment Group from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Five 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 target price of $10.40.

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.