Bridge Investment Group Holdings Inc. COO Adam O'farrell Sells Shares

On January 2nd, Adam O'farrell, the Chief Operating Officer of Bridge Investment Group Holdings Inc. (NYSE:BRDG), sold 6,655 shares of the company’s stock. The shares were sold at an average price of $8.29 per unit, bringing the total sale value to $55,169.95. Following this transaction, O'farrell now holds 551,512 shares in Bridge Investment Group, which are valued at approximately $4,572,034.48. This transaction represents a 1.19% decrease in his ownership of the company's stock. The details of the sale were filed with the Securities and Exchange Commission (SEC).

In addition to this transaction, O'farrell made another sale on January 6th, in which he sold 6,935 shares at an average price of $8.31, for a total amount of $57,629.85.

Recent Trading Activity

Bridge Investment Group shares experienced a slight increase on Monday, rising by 0.2% to reach $8.27. In total, 519,523 shares were traded, significantly above the average volume of 313,608 shares. The company’s financial metrics show a debt-to-equity ratio of 0.86, with both a quick ratio and a current ratio of 1.14. Over the past 52 weeks, the stock has seen a low of $6.18 and a high of $11.69. The company’s market capitalization stands at $1.00 billion, with a price-to-earnings ratio of 206.80 and a beta of 1.57. The 50-day moving average price is $9.49, while the 200-day moving average is $8.89.

On November 6th, Bridge Investment Group last reported its quarterly earnings, showing earnings per share of $0.15, which was lower than the consensus estimate of $0.18 by $0.03. The company recorded a 1.92% net margin and a return on equity of 9.91%. It brought in revenue of $101.51 million, beating analyst expectations of $85.00 million. Last year at the same quarter, the earnings per share figure was $0.22. Analysts are predicting that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current financial year.

Dividend Changes

Recently, Bridge Investment Group announced a quarterly dividend that was paid on December 20th. Shareholders of record on December 6th received a dividend of $0.10 per share. The ex-dividend date was set for December 6th, marking a total annual dividend of $0.40 with a yield of 4.84%. Currently, the company shows a dividend payout ratio of 1,000.00%.

Analyst Ratings Updates

Various analysts have updated their ratings for Bridge Investment Group in recent times. For example, Wells Fargo & Company increased their price target from $11.00 to $11.50 and gave the stock an “overweight” rating. Meanwhile, TD Cowen reduced their price target from $10.50 to $10.00, maintaining a “hold” rating for the stock. Similarly, Morgan Stanley downgraded Bridge Investment Group from an “overweight” rating to an “equal weight” rating, while also lowering its price objective from $14.00 to $11.00. UBS Group raised their target price from $7.00 to $11.00, providing a “neutral” rating. Currently, the consensus rating for the stock is “Hold” with a target price of $11.00, as reported by MarketBeat.com.

Institutional Investor Activity

Recent changes in positions by institutional investors signal growing interest in Bridge Investment Group. For instance, Jennison Associates LLC increased its shareholding by 2.3% during the third quarter, owning 3,370,882 shares worth about $33,271,000. Other institutions, like Bank of New York Mellon Corp and Geode Capital Management LLC, also made noteworthy adjustments to their holdings. Presently, institutional investors own approximately 52.83% of Bridge Investment Group's stock.

Company Overview

Bridge Investment Group Holdings Inc. specializes in real estate investment management in the United States. It manages capital for around 100 global institutions and about 6,500 individual investors across 25 investment vehicles. Established in 2009, the company is based in Salt Lake City, Utah.

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