Bridge Investment Group Holdings Inc. (NYSE:BRDG) Stock Holdings Increased by DigitalBridge Group Inc.

DigitalBridge Group Inc. raised its holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 508,035 shares of the company's stock after purchasing an additional 99,520 shares during the quarter. DigitalBridge Group Inc. owned about 0.42% of Bridge Investment Group worth $4,267,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BRDG. Jennison Associates LLC lifted its stake in shares of Bridge Investment Group by 0.9% in the fourth 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 period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Bridge Investment Group during the fourth quarter worth about $221,000. Bank of New York Mellon Corp lifted its stake in shares of Bridge Investment Group by 204.5% during the fourth quarter. Bank of New York Mellon Corp now owns 191,341 shares of the company's stock valued at $1,607,000 after buying an additional 128,505 shares during the period. Raymond James Financial Inc. acquired a new stake in Bridge Investment Group during the fourth quarter worth approximately $168,000. Finally, Royce & Associates LP boosted its position in Bridge Investment Group by 29.3% during the fourth quarter. Royce & Associates LP now owns 999,626 shares of the company's stock worth $8,397,000 after acquiring an additional 226,396 shares during the last quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

Bridge Investment Group Stock Up 0.2%

NYSE:BRDG traded up $0.02 on Thursday, reaching $9.30. The stock had a trading volume of 122,914 shares, compared to its average volume of 269,582. The company has a 50-day moving average of $9.28 and a 200 day moving average of $9.00. 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 stock has a market cap of $1.15 billion, a P/E ratio of 232.56 and a beta of 1.46. Bridge Investment Group Holdings Inc. has a 12-month low of $6.81 and a 12-month high of $11.69.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $77.60 million. On average, research analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wells Fargo & Company boosted 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. UBS Group upped their price target on shares of Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus 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.