Katherine Elsnab Sells 3,078 Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG) Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Katherine Elsnab sold 3,078 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total value of $25,516.62. Following the completion of the transaction, the chief financial officer now owns 303,937 shares of the company’s stock, valued at $2,519,637.73. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Katherine Elsnab also recently made the following trade(s):

• On Monday, January 6th, Katherine Elsnab sold 3,206 shares of Bridge Investment Group stock. The shares were sold at an average price of $8.31, for a total value of $26,641.86.

Bridge Investment Group Stock Down 10.0 %

Shares of Bridge Investment Group stock opened at $7.47 on Wednesday. Bridge Investment Group Holdings Inc. has a twelve month low of $6.18 and a twelve month high of $11.69. The stock has a market cap of $904.50 million, a price-to-earnings ratio of 186.80 and a beta of 1.57. 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 company has a fifty day moving average price of $9.43 and a 200 day moving average price of $8.89.

Bridge Investment Group (NYSE:BRDG) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $85.00 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. During the same period in the previous year, the company earned $0.22 EPS. Equities research analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Bridge Investment Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.35%. Bridge Investment Group’s dividend payout ratio is currently 1,000.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quarry LP increased its stake in Bridge Investment Group by 22.5% during the 2nd quarter. Quarry LP now owns 8,350 shares of the company’s stock worth $62,000 after buying an additional 1,535 shares during the period. Jane Street Group LLC purchased a new stake in shares of Bridge Investment Group during the third quarter worth about $102,000. Paloma Partners Management Co acquired a new position in shares of Bridge Investment Group in the third quarter worth about $110,000. XTX Topco Ltd purchased a new position in Bridge Investment Group in the third quarter valued at about $127,000. Finally, Bank of New York Mellon Corp grew its stake in Bridge Investment Group by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company’s stock valued at $411,000 after purchasing an additional 1,735 shares in the last quarter. 52.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BRDG. UBS Group boosted their target price on shares of Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley cut shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.00 to $11.00 in a research note on Friday, November 8th. Wells Fargo & Company increased their target price on Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. TD Cowen lowered their price target on Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a report on Tuesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Bridge Investment Group has a consensus rating of “Hold” and an average 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.