Bridge Investment Group Holdings Inc. (NYSE:BRDG) Sees Significant Increase in Short Interest

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd acquired a new stake in Bridge Investment Group during the 4th quarter worth approximately $221,000. Bank of New York Mellon Corp increased its position in Bridge Investment Group by 204.5% during the 4th quarter. Bank of New York Mellon Corp now owns 191,341 shares of the company's stock worth $1,607,000 after purchasing an additional 128,505 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Bridge Investment Group during the 4th quarter worth approximately $168,000. Royce & Associates LP increased its position in Bridge Investment Group by 29.3% during the 4th quarter. Royce & Associates LP now owns 999,626 shares of the company's stock worth $8,397,000 after purchasing an additional 226,396 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Bridge Investment Group by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company's stock worth $29,242,000 after purchasing an additional 208,022 shares in the last quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BRDG shares. Wells Fargo & Company upped their target price on shares of Bridge Investment Group from $10.00 to $10.50 and gave the company an "equal weight" rating in a report on Friday, May 23rd. 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. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $10.70.

Bridge Investment Group Trading Up 1.2%

Shares of BRDG stock traded up $0.12 during trading hours on Friday, hitting $9.50. 585,146 shares of the company were exchanged, compared to its average volume of 275,789. The firm has a market cap of $1.18 billion, a PE ratio of -18.26 and a beta of 1.40. Bridge Investment Group has a 1 year low of $6.82 and a 1 year high of $11.69. 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 firm has a fifty day moving average of $9.38 and a 200 day moving average of $8.95.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.08). The company had revenue of $71.80 million for the quarter, compared to analysts' expectations of $77.60 million. Bridge Investment Group had a positive return on equity of 10.07% and a negative net margin of 3.45%. Analysts expect that Bridge Investment Group will post 0.68 earnings per share for the current year.

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.