Short Interest in Bridge Investment Group Holdings Inc. (NYSE:BRDG) Grows By 70.2%

Key Points

• Short interest in Bridge Investment Group Holdings Inc. surged by 70.2% in August, reaching a total of 139,600 shares short sold as of August 15th.
• The company's recent quarterly earnings revealed an EPS of $0.14, missing analysts' expectations of $0.22, with reported revenues falling short at $73.23 million.
• Bridge Investment Group announced a quarterly dividend of $0.045 per share, equating to an annualized yield of 1.9% for shareholders recorded on August 15th.

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 139,600 shares, anincreaseof70.2% from the July 31st total of 82,000 shares. Currently,0.3% of the shares of the stock are short sold. Based on an average daily volume of 453,500 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 453,500 shares, the days-to-cover ratio is currently 0.3 days. Currently,0.3% of the shares of the stock are short sold.

Bridge Investment Group Trading Down 1.9%

BRDG stock traded down $0.18 during trading on Friday, reaching $9.46. 5,858,957 shares of the stock traded hands, compared to its average volume of 722,382. The business's 50 day moving average price is $10.08 and its 200-day moving average price is $9.63. Bridge Investment Group has a 52-week low of $7.12 and a 52-week high of $11.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $1.18 billion, a PE ratio of -22.52 and a beta of 1.40.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.08). The firm had revenue of $73.23 million for the quarter, compared to analysts' expectations of $75.50 million. Bridge Investment Group had a negative net margin of 3.03% and a positive return on equity of 8.42%. As a group, sell-side analysts forecast that Bridge Investment Group will post 0.68 earnings per share for the current year.

Bridge Investment Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 15th. Bridge Investment Group's payout ratio is currently -42.86%.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their price objective 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.70.

Insider Transactions at Bridge Investment Group

In other news, Chairman Robert Randolph Morse sold 27,749 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $10.65, for a total value of $295,526.85. Following the sale, the chairman directly owned 3,077,962 shares in the company, valued at $32,780,295.30. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Dean Allara sold 6,743 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $10.65, for a total value of $71,812.95. Following the sale, the insider directly owned 643,200 shares in the company, valued at approximately $6,850,080. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,949 shares of company stock valued at $1,458,376. Company insiders own 65.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BRDG. Raymond James Financial Inc. acquired a new position in shares of Bridge Investment Group in the fourth quarter worth about $168,000. Dimensional Fund Advisors LP lifted its stake in shares of Bridge Investment Group by 18.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 212,364 shares of the company's stock worth $1,784,000 after acquiring an additional 33,378 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Bridge Investment Group by 19.2% in the fourth quarter. Northern Trust Corp now owns 89,937 shares of the company's stock worth $755,000 after acquiring an additional 14,481 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Bridge Investment Group in the fourth quarter worth about $89,000. Finally, DigitalBridge Group Inc. lifted its stake in shares of Bridge Investment Group by 24.4% in the fourth quarter. DigitalBridge Group Inc. now owns 508,035 shares of the company's stock worth $4,267,000 after acquiring an additional 99,520 shares in the last quarter. Institutional investors and hedge funds 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.

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