Bridge Investment Group Holdings Inc. (NYSE:BRDG) Chairman Sells $295,526.85 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) Chairman Robert Randolph Morse sold 27,749 shares of Bridge Investment Group stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $10.65, for a total value of $295,526.85. Following the transaction, the chairman owned 3,077,962 shares of the company's stock, valued at $32,780,295.30. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Robert Randolph Morse also recently made the following trade(s):

• On Tuesday, July 22nd, Robert Randolph Morse sold 25,859 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.46, for a total value of $270,485.14.
• On Monday, July 21st, Robert Randolph Morse sold 25,701 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.60, for a total value of $272,430.60.

Bridge Investment Group Stock Performance

Shares of NYSE:BRDG traded down $0.04 during mid-day trading on Friday, reaching $10.68. The company had a trading volume of 310,045 shares, compared to its average volume of 580,879. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -20.53 and a beta of 1.41. The company's 50-day moving average price is $9.85 and its 200-day moving average price is $9.22. Bridge Investment Group Holdings Inc. has a one year low of $7.09 and a one year high of $11.69.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted 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). The company had revenue of $71.80 million during the quarter, compared to the consensus estimate of $77.60 million. Bridge Investment Group had a positive return on equity of 10.07% and a negative net margin of 3.45%. As a group, equities research analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted 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 report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $10.70.

Institutional Investors Weigh In On Bridge Investment Group

A number of hedge funds have recently modified their holdings of BRDG. AlphaQuest LLC raised 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 acquiring an additional 2,736 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Bridge Investment Group during the 1st quarter valued at $63,000. EP Wealth Advisors LLC bought a new stake in Bridge Investment Group during the 4th quarter valued at $89,000. Aquatic Capital Management LLC bought a new stake in Bridge Investment Group during the 4th quarter valued at $95,000. Finally, EntryPoint Capital LLC bought a new stake in Bridge Investment Group during the 4th quarter valued at $133,000. Institutional investors own 52.83% of the company's stock.

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.