Tudor Investment Corp ET AL Sells 32,486 Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Tudor Investment Corp ET AL lessened its stake in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 115,359 shares of the company's stock after selling 32,486 shares during the quarter. Tudor Investment Corp ET AL owned about 0.10% of Bridge Investment Group worth $969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Bridge Investment Group during the third quarter worth approximately $102,000. Franklin Resources Inc. boosted its position in Bridge Investment Group by 1.1% in the third quarter. Franklin Resources Inc. now owns 1,286,847 shares of the company's stock valued at $13,383,000 after buying an additional 14,235 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Bridge Investment Group by 0.9% during the fourth quarter. Jennison Associates LLC now owns 3,402,475 shares of the company's stock valued at $28,581,000 after purchasing an additional 31,593 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Bridge Investment Group in the fourth quarter valued at $221,000. Finally, Bank of New York Mellon Corp raised its position in shares of Bridge Investment Group by 204.5% in the 4th quarter. Bank of New York Mellon Corp now owns 191,341 shares of the company's stock worth $1,607,000 after acquiring an additional 128,505 shares in the last quarter. Institutional investors and hedge funds own 52.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BRDG shares. Wells Fargo & Company decreased their price target on shares of 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. UBS Group boosted their target price on shares of Bridge Investment Group from $7.50 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.40.

Bridge Investment Group Trading Up 6.3%

Shares of BRDG stock traded up $0.59 during mid-day trading on Monday, reaching $9.90. The stock had a trading volume of 227,577 shares, compared to its average volume of 263,313. Bridge Investment Group Holdings Inc. has a 52-week low of $6.81 and a 52-week high of $11.69. 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 50-day moving average price is $9.25 and its two-hundred day moving average price is $9.07. The firm has a market capitalization of $1.23 billion, a PE ratio of 246.59 and a beta of 1.46.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $77.60 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. Equities analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Bridge Investment Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 4.44%. This is a boost from Bridge Investment Group's previous quarterly dividend of $0.10. Bridge Investment Group's dividend payout ratio is currently -84.62%.

Bridge Investment Group 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.