Kovitz Investment Group Partners LLC bought a new stake in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 101,188 shares of the company's stock, valued at approximately $850,000. Kovitz Investment Group Partners LLC owned 0.08% of Bridge Investment Group at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of Bridge Investment Group in the third quarter valued at approximately $102,000. EntryPoint Capital LLC purchased a new position in shares of Bridge Investment Group during the fourth quarter valued at $133,000. Raymond James Financial Inc. purchased a new stake in Bridge Investment Group in the fourth quarter worth about $168,000. Y Intercept Hong Kong Ltd bought a new position in Bridge Investment Group during the 4th quarter worth about $221,000. Finally, Norges Bank purchased a new position in Bridge Investment Group during the 4th quarter valued at about $597,000. Institutional investors own 52.83% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a research note on Tuesday, January 7th. UBS Group lifted their price target on Bridge Investment Group from $7.50 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price objective on Bridge Investment Group from $11.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.40.
View Our Latest Analysis on BRDG
Bridge Investment Group Stock Down 1.0 %
Shares of BRDG stock traded down $0.10 during trading hours on Tuesday, reaching $9.33. 11,264 shares of the company's stock were exchanged, compared to its average volume of 263,523. The stock has a market cap of $1.15 billion, a PE ratio of 232.93 and a beta of 1.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. The stock's fifty day moving average price is $9.32 and its two-hundred day moving average price is $9.10. Bridge Investment Group Holdings Inc. has a 1 year low of $6.73 and a 1 year high of $11.69.
Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. The business had revenue of $81.96 million for the quarter, compared to the consensus estimate of $82.02 million. Research analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.
Bridge Investment Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Bridge Investment Group's previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 4.72%. Bridge Investment Group's dividend payout ratio (DPR) is currently 488.89%.
About Bridge Investment Group
(
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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