Dimensional Fund Advisors LP Has $1.78 Million Holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Dimensional Fund Advisors LP boosted its holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 18.6% in the 4th quarter, according to its most recent filing 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 0.18% of Bridge Investment Group worth $1,784,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of Bridge Investment Group in the third quarter valued at approximately $102,000. EntryPoint Capital LLC bought a new stake in shares of Bridge Investment Group during the 4th quarter valued at $133,000. Raymond James Financial Inc. acquired a new stake in shares of Bridge Investment Group during the 4th quarter worth $168,000. Y Intercept Hong Kong Ltd bought a new position in shares of Bridge Investment Group in the fourth quarter worth $221,000. Finally, Norges Bank acquired a new position in Bridge Investment Group in the fourth quarter valued at about $597,000. Institutional investors own 52.83% of the company's stock.

Analysts Set New Price Targets

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

Bridge Investment Group Trading Down 0.7%

Shares of Bridge Investment Group stock opened at $10.13 on Thursday. The firm's 50 day moving average is $9.28 and its 200 day moving average is $9.08. The firm has a market capitalization of $1.25 billion, a PE ratio of 253.31 and a beta of 1.46. Bridge Investment Group Holdings Inc. has a 1 year low of $6.81 and a 1 year high of $11.69. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted 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 firm had revenue of $71.80 million during 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%. Equities 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 business also recently announced 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. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Bridge Investment Group's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 4.34%. Bridge Investment Group's payout ratio is presently -84.62%.

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.

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