Mutual Advisors LLC Buys New Position in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Mutual Advisors LLC acquired a new position in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 55,000 shares of the company's stock, valued at approximately $515,000.

A number of other hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of 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 acquiring an additional 128,505 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Bridge Investment Group during the fourth quarter valued at approximately $168,000. Royce & Associates LP grew its stake in shares of Bridge Investment Group by 29.3% during the fourth quarter. Royce & Associates LP now owns 999,626 shares of the company's stock valued at $8,397,000 after buying an additional 226,396 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Bridge Investment Group by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company's stock worth $29,242,000 after buying an additional 208,022 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in shares of Bridge Investment Group during the 4th quarter worth approximately $133,000. Hedge funds and other institutional investors own 52.83% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their price objective 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. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.70.

Bridge Investment Group Stock Down 0.5%

NYSE BRDG traded down $0.06 on Friday, reaching $10.42. 227,902 shares of the stock traded hands, compared to its average volume of 291,530. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.08 and a current ratio of 1.08. The company has a fifty day moving average price of $9.64 and a 200-day moving average price of $9.04. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -20.03 and a beta of 1.41. Bridge Investment Group Holdings Inc. has a 12 month low of $7.09 and a 12 month high of $11.69.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released its quarterly 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 company had revenue of $71.80 million during the quarter, compared to the consensus estimate of $77.60 million. Bridge Investment Group had a positive return on equity of 10.07% and a negative net margin of 3.45%. As a group, research analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

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.