Trexquant Investment LP Has $831,000 Position in Bridge Investment Group Holdings Inc. $BRDG

Key Points

• Trexquant Investment LP increased its stake in Bridge Investment Group Holdings Inc. by 87.4%, owning 86,739 shares valued at approximately $831,000 as of the latest SEC filing.
• CEO Jonathan Slager sold 9,562 shares of the company's stock for about $101,835, indicating a 1.04% decrease in his ownership.
• Wells Fargo & Company raised Bridge Investment Group's price target from $10.00 to $10.50, with an average rating of "Hold" from five analysts.

Trexquant Investment LP boosted its holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 87.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,739 shares of the company's stock after acquiring an additional 40,461 shares during the quarter. Trexquant Investment LP owned 0.07% of Bridge Investment Group worth $831,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp acquired a new position in Bridge Investment Group in the first quarter valued at about $1,474,000. Ieq Capital LLC bought a new stake in shares of Bridge Investment Group during the first quarter valued at approximately $768,000. AlphaQuest LLC grew its stake in shares of 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 purchasing an additional 2,736 shares during the last quarter. Carmignac Gestion bought a new stake in shares of Bridge Investment Group during the first quarter valued at approximately $901,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Bridge Investment Group by 5,757.2% in the first quarter. EverSource Wealth Advisors LLC now owns 298,539 shares of the company's stock valued at $2,860,000 after buying an additional 293,442 shares during the period. Institutional investors own 52.83% of the company's stock.

Insider Buying and Selling at Bridge Investment Group

In related news, Chairman Robert Randolph Morse sold 27,749 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $10.65, for a total value of $295,526.85. Following the completion of the transaction, the chairman owned 3,077,962 shares of the company's stock, valued at approximately $32,780,295.30. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Dean Allara sold 6,743 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $10.65, for a total transaction of $71,812.95. Following the completion of the transaction, the insider directly owned 643,200 shares of the company's stock, valued at approximately $6,850,080. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,949 shares of company stock worth $1,458,376 in the last three months. 65.90% of the stock is currently owned by company insiders.

Bridge Investment Group Stock Down 1.9%

Shares of BRDG stock traded down $0.18 during trading hours on Thursday, hitting $9.46. 5,858,957 shares of the company were exchanged, compared to its average volume of 722,382. The business has a 50 day moving average of $10.04 and a two-hundred day moving average of $9.66. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99. Bridge Investment Group Holdings Inc. has a 52 week low of $7.12 and a 52 week high of $11.69. The company has a market capitalization of $1.18 billion, a PE ratio of -22.52 and a beta of 1.40.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.08). Bridge Investment Group had a positive return on equity of 8.42% and a negative net margin of 3.03%.The company had revenue of $73.23 million for the quarter, compared to the consensus estimate of $75.50 million. Analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Bridge Investment Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.045 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.18 dividend on an annualized basis and a yield of 1.9%. Bridge Investment Group's dividend payout ratio (DPR) is -42.86%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their price objective on shares of 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Bridge Investment Group currently has an average rating of "Hold" and an average price target of $10.70.

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.