Janney Montgomery Scott LLC Buys New Position in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Janney Montgomery Scott LLC purchased a new stake in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 41,795 shares of the company's stock, valued at approximately $400,000.

Other large investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Bridge Investment Group in the first quarter worth about $63,000. EP Wealth Advisors LLC purchased a new position in Bridge Investment Group in the fourth quarter worth about $89,000. Aquatic Capital Management LLC purchased a new position in Bridge Investment Group in the fourth quarter worth about $95,000. EntryPoint Capital LLC purchased a new position in Bridge Investment Group in the fourth quarter worth about $133,000. Finally, Raymond James Financial Inc. purchased a new position in Bridge Investment Group in the fourth quarter worth about $168,000. 52.83% of the stock is owned by hedge funds and other institutional investors.

Bridge Investment Group Stock Performance

Shares of BRDG stock traded up $0.26 during trading hours on Tuesday, reaching $10.23. The company had a trading volume of 404,255 shares, compared to its average volume of 288,216. The business has a fifty day moving average price of $9.61 and a 200-day moving average price of $9.02. Bridge Investment Group Holdings Inc. has a one year low of $7.09 and a one year high of $11.69. The firm has a market cap of $1.27 billion, a PE ratio of -19.67 and a beta of 1.41. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.08 and a current ratio of 1.08.

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). The business had revenue of $71.80 million for the quarter, compared to the consensus estimate of $77.60 million. Bridge Investment Group had a negative net margin of 3.45% and a positive return on equity of 10.07%. Sell-side analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their price target on shares of Bridge Investment Group from $10.00 to $10.50 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Bridge Investment Group presently has an average rating of "Hold" and a consensus target price of $10.70.

Bridge Investment Group Profile

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.