Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) Chairman Robert Randolph Morse sold 25,701 shares of Bridge Investment Group stock in a transaction on Monday, July 21st. The shares were sold at an average price of $10.60, for a total transaction of $272,430.60. Following the completion of the sale, the chairman owned 3,131,570 shares in the company, valued at approximately $33,194,642. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Robert Randolph Morse also recently made the following trade(s):
- On Wednesday, July 23rd, Robert Randolph Morse sold 27,749 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.65, for a total transaction of $295,526.85.
- On Tuesday, July 22nd, Robert Randolph Morse sold 25,859 shares of Bridge Investment Group stock. The stock was sold at an average price of $10.46, for a total transaction of $270,485.14.
Bridge Investment Group Price Performance
Shares of NYSE:BRDG traded down $0.04 on Friday, reaching $10.68. The company's stock had a trading volume of 310,045 shares, compared to its average volume of 580,879. Bridge Investment Group Holdings Inc. has a 52-week low of $7.09 and a 52-week high of $11.69. The company has a market cap of $1.32 billion, a P/E ratio of -20.53 and a beta of 1.41. The company has a 50-day simple moving average of $9.85 and a 200 day simple moving average of $9.22. 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 (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 analysts' consensus estimates of $0.17 by ($0.08). Bridge Investment Group had a positive return on equity of 10.07% and a negative net margin of 3.45%. The firm had revenue of $71.80 million for the quarter, compared to analysts' expectations of $77.60 million. As a group, equities research analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.
Hedge Funds Weigh In On Bridge Investment Group
Large investors have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC lifted its holdings in Bridge Investment Group by 1.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 102,304 shares of the company's stock valued at $980,000 after buying an additional 1,116 shares in the last quarter. AlphaQuest LLC lifted its holdings in Bridge Investment Group by 107.1% during the 1st quarter. AlphaQuest LLC now owns 5,290 shares of the company's stock valued at $51,000 after buying an additional 2,736 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in Bridge Investment Group by 45.5% during the 1st quarter. EP Wealth Advisors LLC now owns 15,464 shares of the company's stock valued at $148,000 after buying an additional 4,836 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Bridge Investment Group during the 1st quarter valued at about $63,000. Finally, Franklin Resources Inc. lifted its holdings in Bridge Investment Group by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,295,065 shares of the company's stock valued at $10,879,000 after buying an additional 8,218 shares in the last quarter. 52.83% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wells Fargo & Company lifted their price objective 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 investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.70.
Check Out Our Latest Report on BRDG
Bridge Investment Group Company Profile
(
Get Free Report)
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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