Insider Selling: Bridge Investment Group Holdings Inc. (NYSE:BRDG) Vice Chairman Sells 6,245 Shares of Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) Vice Chairman Dean Allara sold 6,245 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $10.60, for a total value of $66,197.00. Following the completion of the sale, the insider owned 656,228 shares in the company, valued at approximately $6,956,016.80. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dean Allara also recently made the following trade(s):

• On Wednesday, July 23rd, Dean Allara sold 6,743 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.65, for a total value of $71,812.95.
• On Tuesday, July 22nd, Dean Allara sold 6,285 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.46, for a total value of $65,741.10.

Bridge Investment Group Price Performance

NYSE BRDG traded down $0.04 on Friday, reaching $10.68. 310,045 shares of the stock traded hands, compared to its average volume of 580,879. The firm's fifty day simple moving average is $9.85 and its 200 day simple moving average is $9.22. 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 company has a market cap of $1.32 billion, a price-to-earnings ratio of -20.53 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.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $77.60 million. Bridge Investment Group had a negative net margin of 3.45% and a positive return on equity of 10.07%. As a group, research analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridge Investment Group

Several large investors have recently modified their holdings of the stock. AlphaQuest LLC lifted its holdings in shares of Bridge Investment Group by 107.1% in the first quarter. AlphaQuest LLC now owns 5,290 shares of the company's stock valued at $51,000 after purchasing an additional 2,736 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Bridge Investment Group during the first quarter worth $63,000. EP Wealth Advisors LLC bought a new position in Bridge Investment Group during the fourth quarter valued at about $89,000. Aquatic Capital Management LLC bought a new position in Bridge Investment Group during the fourth quarter valued at about $95,000. Finally, EntryPoint Capital LLC bought a new position in Bridge Investment Group during the fourth quarter valued at about $133,000. 52.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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