Bridge Investment Group Holdings Inc. (NYSE:BRDG) CEO Jonathan Slager Sells 9,562 Shares

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) CEO Jonathan Slager sold 9,562 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $10.65, for a total transaction of $101,835.30. Following the completion of the transaction, the chief executive officer owned 912,067 shares in the company, valued at $9,713,513.55. This trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jonathan Slager also recently made the following trade(s):

• On Tuesday, July 22nd, Jonathan Slager sold 8,910 shares of Bridge Investment Group stock. The stock was sold at an average price of $10.46, for a total transaction of $93,198.60.
• On Monday, July 21st, Jonathan Slager sold 8,855 shares of Bridge Investment Group stock. The stock was sold at an average price of $10.60, for a total transaction of $93,863.00.

Bridge Investment Group Price Performance

BRDG traded down $0.04 during trading on Friday, reaching $10.68. 310,045 shares of the company traded hands, compared to its average volume of 580,879. 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 Holdings Inc. has a 12-month low of $7.09 and a 12-month high of $11.69. The firm has a fifty day simple moving average of $9.85 and a 200 day simple moving average of $9.22. The company has a market cap of $1.32 billion, a P/E ratio of -20.53 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). Bridge Investment Group had a negative net margin of 3.45% and a positive return on equity of 10.07%. The company had revenue of $71.80 million for the quarter, compared to analysts' expectations of $77.60 million. On average, equities analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their target price 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 MarketBeat, the company currently has an average rating of "Hold" and an average price target of $10.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kovitz Investment Group Partners LLC grew its holdings in shares of Bridge Investment Group by 1.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 102,304 shares of the company's stock valued at $980,000 after purchasing an additional 1,116 shares in the last quarter. AlphaQuest LLC boosted its stake in Bridge Investment Group by 107.1% during the first quarter. AlphaQuest LLC now owns 5,290 shares of the company's stock worth $51,000 after buying an additional 2,736 shares during the period. EP Wealth Advisors LLC boosted its stake in Bridge Investment Group by 45.5% during the first quarter. EP Wealth Advisors LLC now owns 15,464 shares of the company's stock worth $148,000 after buying an additional 4,836 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Bridge Investment Group during the first quarter worth $63,000. Finally, Franklin Resources Inc. boosted its stake in Bridge Investment Group by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,295,065 shares of the company's stock worth $10,879,000 after buying an additional 8,218 shares during the period. 52.83% of the stock is owned by hedge funds and other institutional investors.

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.