Insider Selling: Bridge Investment Group Holdings Inc. (NYSE:BRDG) CEO Sells 8,855 Shares of Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CEO Jonathan Slager sold 8,855 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $10.60, for a total value of $93,863.00. Following the completion of the transaction, the chief executive officer owned 930,539 shares of the company’s stock, valued at approximately $9,863,713.40. The trade was a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jonathan Slager also recently made the following trade(s):

• On Wednesday, July 23rd, Jonathan Slager sold 9,562 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.65, for a total value of $101,835.30.
• On Tuesday, July 22nd, Jonathan Slager sold 8,910 shares of Bridge Investment Group stock. The stock was sold at an average price of $10.46, for a total value of $93,198.60.

Bridge Investment Group Price Performance

BRDG stock opened at $10.73 on Thursday. The company has a 50-day moving average price of $9.82 and a 200 day moving average price of $9.17. Bridge Investment Group Holdings Inc. has a 12 month low of $7.09 and a 12 month high of $11.69. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.33 billion, a PE ratio of -20.63 and a beta of 1.41.

Bridge Investment Group (NYSE:BRDG) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.08). Bridge Investment Group had a positive return on equity of 10.07% and a negative net margin of 3.45%. The company had revenue of $71.80 million during the quarter, compared to the consensus estimate of $77.60 million. Equities research analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.

Institutional Investors Weigh In On Bridge Investment Group

A number of hedge funds have recently modified their holdings of BRDG. DLK Investment Management LLC purchased a new stake in shares of Bridge Investment Group during the second quarter worth $7,132,000. Jane Street Group LLC acquired a new stake in shares of Bridge Investment Group during the first quarter worth about $766,000. Woodline Partners LP acquired a new stake in shares of Bridge Investment Group in the first quarter valued at approximately $4,197,000. EP Wealth Advisors LLC raised its stake in Bridge Investment Group by 45.5% during the 1st quarter. EP Wealth Advisors LLC now owns 15,464 shares of the company’s stock valued at $148,000 after acquiring an additional 4,836 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in Bridge Investment Group in the 1st quarter valued at $2,680,000. 52.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted 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 research note on Friday, May 23rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.