Adam O’farrell Sells 6,935 Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG) Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Adam O’farrell sold 6,935 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $8.31, for a total transaction of $57,629.85. Following the transaction, the chief operating officer now directly owns 538,038 shares of the company’s stock, valued at $4,471,095.78. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Adam O’farrell also recently made the following trade(s):

• On Thursday, January 2nd, Adam O’farrell sold 6,655 shares of Bridge Investment Group stock. The stock was sold at an average price of $8.29, for a total transaction of $55,169.95.

Bridge Investment Group Stock Performance

BRDG opened at $7.47 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. Bridge Investment Group Holdings Inc. has a 12-month low of $6.18 and a 12-month high of $11.69. The business has a 50 day moving average of $9.43 and a 200-day moving average of $8.89. The stock has a market cap of $904.50 million, a price-to-earnings ratio of 186.80 and a beta of 1.57.

Bridge Investment Group (NYSE:BRDG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. The business had revenue of $101.51 million for the quarter, compared to analyst estimates of $85.00 million. During the same period in the prior year, the business earned $0.22 EPS. On average, equities research analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.

Bridge Investment Group Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on BRDG. JPMorgan Chase & Co. reissued a “neutral” rating and set a $10.00 price target (down from $12.00) on shares of Bridge Investment Group in a research report on Tuesday. Wells Fargo & Company upped their target price on Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. UBS Group raised their price target on Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley cut Bridge Investment Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $14.00 to $11.00 in a research note on Friday, November 8th. Finally, TD Cowen cut their price objective on Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.70.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRDG. Quarry LP boosted its holdings in shares of Bridge Investment Group by 22.5% during the second quarter. Quarry LP now owns 8,350 shares of the company’s stock worth $62,000 after acquiring an additional 1,535 shares during the period. Jane Street Group LLC bought a new stake in Bridge Investment Group in the 3rd quarter valued at $102,000. Paloma Partners Management Co acquired a new position in Bridge Investment Group in the 3rd quarter valued at $110,000. XTX Topco Ltd acquired a new stake in shares of Bridge Investment Group during the third quarter worth $127,000. Finally, Quest Partners LLC acquired a new stake in shares of Bridge Investment Group during the third quarter worth $448,000. 52.83% of the stock is owned by institutional investors.

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.