Tabor Asset Management LP Makes New Investment in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Tabor Asset Management LP purchased a new stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 72,709 shares of the company's stock, valued at approximately $697,000. Tabor Asset Management LP owned approximately 0.06% of Bridge Investment Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its stake in Bridge Investment Group by 322.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,196 shares of the company's stock valued at $2,354,000 after buying an additional 213,857 shares in the last quarter. Vanguard Group Inc. grew its position 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 valued at $29,242,000 after purchasing an additional 208,022 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of Bridge Investment Group by 17.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 964,060 shares of the company's stock valued at $8,098,000 after buying an additional 141,178 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Bridge Investment Group in the 4th quarter worth about $850,000. Finally, DigitalBridge Group Inc. grew its position in shares of Bridge Investment Group by 24.4% during the fourth quarter. DigitalBridge Group Inc. now owns 508,035 shares of the company's stock worth $4,267,000 after acquiring an additional 99,520 shares during the last quarter. Institutional investors own 52.83% of the company's stock.

Wall Street Analyst Weigh In

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

Bridge Investment Group Stock Performance

Shares of BRDG opened at $10.47 on Tuesday. 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 capitalization of $1.30 billion, a PE ratio of -20.14 and a beta of 1.41. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50-day simple moving average of $9.80 and a two-hundred day simple moving average of $9.14.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $71.80 million during the quarter, compared to analyst estimates of $77.60 million. Bridge Investment Group had a negative net margin of 3.45% and a positive return on equity of 10.07%. On average, analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Company 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.

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