Insider Selling: Bridge Investment Group Holdings Inc. (NYSE:BRDG) CEO Sells 8,910 Shares of Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) CEO Jonathan Slager sold 8,910 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $10.46, for a total value of $93,198.60. Following the completion of the sale, the chief executive officer owned 921,629 shares in the company, valued at approximately $9,640,239.34. This represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, July 23rd, Jonathan Slager sold 9,562 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.65, for a total value of $101,835.30.
• On Monday, July 21st, Jonathan Slager sold 8,855 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.60, for a total value of $93,863.00.

Bridge Investment Group Stock Performance

Bridge Investment Group stock traded down $0.04 during mid-day trading on Friday, hitting $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. Bridge Investment Group Holdings Inc. has a 12-month low of $7.09 and a 12-month high of $11.69. The company's fifty day moving average is $9.85 and its 200-day moving average is $9.22. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -20.53 and a beta of 1.41.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate 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 company had revenue of $71.80 million during the quarter, compared to analysts' expectations of $77.60 million. Equities research analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped 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 investment analysts have rated the stock with a hold rating, According to MarketBeat, Bridge Investment Group has a consensus rating of "Hold" and an average price target of $10.70.

Institutional Investors Weigh In On Bridge Investment Group

Several hedge funds have recently bought and sold shares of BRDG. AlphaQuest LLC raised its stake in shares of Bridge Investment Group by 107.1% during the 1st 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. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Bridge Investment Group during the 1st quarter worth approximately $63,000. EP Wealth Advisors LLC acquired a new position in shares of Bridge Investment Group during the 4th quarter worth approximately $89,000. Aquatic Capital Management LLC acquired a new position in shares of Bridge Investment Group during the 4th quarter worth approximately $95,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Bridge Investment Group during the 4th quarter worth approximately $133,000. Hedge funds and other institutional investors own 52.83% of the company's stock.

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.