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

Tabor Asset Management LP acquired a new stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mutual Advisors LLC acquired a new stake in shares of Bridge Investment Group during the 1st quarter worth approximately $515,000. Janney Montgomery Scott LLC acquired a new stake in shares of Bridge Investment Group during the 1st quarter worth approximately $400,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Bridge Investment Group during the 1st quarter worth approximately $63,000. DigitalBridge Group Inc. grew its position in shares of Bridge Investment Group by 24.4% during the 4th quarter. DigitalBridge Group Inc. now owns 508,035 shares of the company's stock worth $4,267,000 after buying an additional 99,520 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Bridge Investment Group during the 4th quarter worth approximately $89,000. Institutional investors and hedge funds own 52.83% of the company's stock.

Analyst Ratings Changes

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 report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.70.

Bridge Investment Group Stock Performance

Shares of BRDG traded down $0.20 during trading hours on Friday, hitting $10.83. The company had a trading volume of 51,833 shares, compared to its average volume of 308,175. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The business has a fifty day moving average of $9.77 and a 200-day moving average of $9.11. Bridge Investment Group Holdings Inc. has a 12 month low of $7.09 and a 12 month high of $11.69. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -20.82 and a beta of 1.41.

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 analysts' consensus estimates of $0.17 by ($0.08). The firm had revenue of $71.80 million for the quarter, compared to analyst estimates of $77.60 million. Bridge Investment Group had a positive return on equity of 10.07% and a negative net margin of 3.45%. Equities analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal 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.

Want to see what other hedge funds are holding BRDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.