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

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new position in Bridge Investment Group in the 4th quarter worth $221,000. Jennison Associates LLC raised its holdings in Bridge Investment Group by 0.9% in the 4th quarter. Jennison Associates LLC now owns 3,402,475 shares of the company's stock worth $28,581,000 after purchasing an additional 31,593 shares during the period. Bank of New York Mellon Corp raised its holdings in 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 worth $1,607,000 after purchasing an additional 128,505 shares during the period. EntryPoint Capital LLC bought a new position in Bridge Investment Group in the 4th quarter worth $133,000. Finally, Norges Bank bought a new position in Bridge Investment Group in the 4th quarter worth $597,000. 52.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company raised their target price on Bridge Investment Group from $10.00 to $10.50 and gave the stock an "equal weight" rating in a report on Friday. UBS Group increased their price target on Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $10.70.

Bridge Investment Group Trading Up 1.7%

Shares of NYSE:BRDG traded up $0.15 during trading hours on Tuesday, hitting $9.39. 228,971 shares of the company's stock traded hands, compared to its average volume of 269,752. Bridge Investment Group Holdings Inc. has a 1 year low of $6.81 and a 1 year high of $11.69. The business has a fifty day moving average price of $9.31 and a 200-day moving average price of $9.00. The firm has a market capitalization of $1.16 billion, a P/E ratio of 234.88 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $77.60 million. Equities analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.

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.