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

Tabor Asset Management LP purchased a new stake in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Bridge Investment Group during the first quarter valued at about $63,000. EP Wealth Advisors LLC purchased a new position in Bridge Investment Group during the 4th quarter valued at about $89,000. Aquatic Capital Management LLC purchased a new position in Bridge Investment Group during the 4th quarter valued at about $95,000. EntryPoint Capital LLC purchased a new position in Bridge Investment Group during the 4th quarter valued at about $133,000. Finally, Raymond James Financial Inc. purchased a new position in Bridge Investment Group during the 4th quarter valued at about $168,000. Hedge funds and other institutional investors own 52.83% of the company's stock.

Bridge Investment Group Stock Performance

Shares of NYSE:BRDG traded down $0.07 during midday trading on Monday, hitting $10.65. The company had a trading volume of 137,635 shares, compared to its average volume of 310,128. 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 market cap of $1.32 billion, a price-to-earnings ratio of -20.48 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. The company has a fifty day moving average of $9.80 and a two-hundred day moving average of $9.14.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $77.60 million. Bridge Investment Group had a positive return on equity of 10.07% and a negative net margin of 3.45%. On average, equities research analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

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