Bridge Investment Group Holdings Inc. (NYSE:BRDG) Short Interest Update

Bridge Investment Group Holdings Inc. (NYSE:BRDGGet Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 399,000 shares, a growth of 6.8% from the February 29th total of 373,600 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 305,600 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BRDG shares. Wells Fargo & Company reduced their price target on shares of Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. TD Cowen assumed coverage on shares of Bridge Investment Group in a research note on Thursday, January 4th. They set an “outperform” rating and a $11.00 price target for the company. Morgan Stanley lowered their price target on shares of Bridge Investment Group from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, February 26th. UBS Group reduced their price objective on Bridge Investment Group from $9.50 to $6.50 and set a “neutral” rating for the company in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. dropped their price target on Bridge Investment Group from $13.50 to $11.50 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.67.

Get Our Latest Stock Analysis on Bridge Investment Group

Hedge Funds Weigh In On Bridge Investment Group

Large investors have recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in Bridge Investment Group by 89.7% in the 1st quarter. Captrust Financial Advisors now owns 1,231 shares of the company’s stock worth $25,000 after acquiring an additional 582 shares during the last quarter. State of Wyoming bought a new position in shares of Bridge Investment Group during the second quarter valued at $28,000. Royal Bank of Canada raised its holdings in Bridge Investment Group by 126.3% in the third quarter. Royal Bank of Canada now owns 3,591 shares of the company’s stock worth $52,000 after buying an additional 2,004 shares during the last quarter. Quarry LP purchased a new stake in shares of Bridge Investment Group during the fourth quarter valued at approximately $37,000. Finally, UBS Group AG increased its position in shares of Bridge Investment Group by 137.9% during the third quarter. UBS Group AG now owns 5,947 shares of the company’s stock valued at $86,000 after acquiring an additional 3,447 shares in the last quarter. 52.83% of the stock is currently owned by institutional investors.

Bridge Investment Group Stock Performance

Bridge Investment Group stock traded up $0.11 during mid-day trading on Wednesday, reaching $6.46. The company’s stock had a trading volume of 92,568 shares, compared to its average volume of 302,925. The company has a market capitalization of $264.98 million, a P/E ratio of -14.40 and a beta of 1.61. The firm’s fifty day moving average price is $7.88 and its two-hundred day moving average price is $8.30. Bridge Investment Group has a 12-month low of $6.18 and a 12-month high of $13.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.00.

Bridge Investment Group (NYSE:BRDGGet Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $70.52 million during the quarter, compared to analysts’ expectations of $78.55 million. Bridge Investment Group had a negative net margin of 1.73% and a positive return on equity of 9.14%. Sell-side analysts predict that Bridge Investment Group will post 0.78 EPS for the current fiscal year.

Bridge Investment Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Thursday, March 7th. Bridge Investment Group’s dividend payout ratio is presently -62.22%.

Bridge Investment Group Company Profile

(Get Free Report)

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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