Short Interest in Bridge Investment Group Holdings Inc. (NYSE:BRDG) Rises By 28.0%

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 227,100 shares, a growth of 28.0% from the May 15th total of 177,400 shares. Currently, 0.6% of the company's shares are short sold. Based on an average daily trading volume, of 349,000 shares, the days-to-cover ratio is presently 0.7 days.

Bridge Investment Group Stock Down 1.1%

NYSE BRDG traded down $0.10 during trading hours on Tuesday, hitting $9.33. The company had a trading volume of 174,842 shares, compared to its average volume of 275,361. The firm's 50 day moving average is $9.34 and its 200 day moving average is $8.95. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -17.94 and a beta of 1.40. Bridge Investment Group has a fifty-two week low of $6.82 and a fifty-two week high of $11.69. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 1.08.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $77.60 million. Sell-side analysts anticipate that Bridge Investment Group will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bridge Investment Group

Hedge funds have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC increased its stake in shares of Bridge Investment Group by 1.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 102,304 shares of the company's stock worth $980,000 after buying an additional 1,116 shares during the last quarter. AlphaQuest LLC increased its position in shares of Bridge Investment Group by 107.1% in the 1st quarter. AlphaQuest LLC now owns 5,290 shares of the company's stock worth $51,000 after purchasing an additional 2,736 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Bridge Investment Group by 45.5% in the 1st quarter. EP Wealth Advisors LLC now owns 15,464 shares of the company's stock valued at $148,000 after purchasing an additional 4,836 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Bridge Investment Group during the first quarter worth about $63,000. Finally, Franklin Resources Inc. grew its stake in Bridge Investment Group by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,295,065 shares of the company's stock worth $10,879,000 after purchasing an additional 8,218 shares in the last quarter. Institutional investors and hedge funds own 52.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BRDG. UBS Group increased their price objective on shares of Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Wells Fargo & Company raised their price objective on Bridge Investment Group from $10.00 to $10.50 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.

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