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

On January 2nd, Katherine Elsnab, the Chief Financial Officer (CFO) of Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report), sold 3,078 shares of the company's stock. The shares were sold at an average price of $8.29 each, bringing the total transaction value to $25,516.62. After this sale, Elsnab holds a total of 303,937 shares, currently valued at about $2,519,637.73. This transaction marks a decrease of 1.00% in her holdings. The details of this sale were disclosed in a filing with the Securities and Exchange Commission.

Additionally, Elsnab made another transaction on January 6th, where she sold 3,206 shares at an average price of $8.31, totaling $26,641.86.

Bridge Investment Group Market Performance

During midday trading on January 6th, Bridge Investment Group's stock experienced a minor increase, trading up by $0.02 to reach $8.27. The volume of shares traded was 519,523, surpassing its average volume of 313,608 shares. The company stands with a market capitalization of $1.00 billion, a price-to-earnings ratio of 206.80, and a beta of 1.57. It has a current ratio and a quick ratio of both 1.14 and a debt-to-equity ratio of 0.86. The shares have a 50-day simple moving average of $9.49 and a 200-day simple moving average of $8.89. Over the past year, the stock hit a low of $6.18 and a high of $11.69.

On November 6th, the company released its quarterly earnings, reporting earnings per share (EPS) of $0.15. This was $0.03 lower than the expected EPS of $0.18. The revenue for the quarter reached $101.51 million, exceeding analysts' estimates of $85 million. Bridge Investment Group achieved a return on equity of 9.91% and a net margin of 1.92%. The company had previously reported an EPS of $0.22 in the same quarter of the prior year, and analysts anticipate an EPS of 0.68 for the current fiscal year.

Dividend Declaration

Recently, Bridge Investment Group announced a quarterly dividend that was paid on December 20th. Shareholders who were on record as of December 6th received a dividend of $0.10 per share, leading to an annualized dividend of $0.40 and a yield of 4.84%. The company's dividend payout ratio stands at an astonishing 1,000.00%.

Institutional Trading Activity

There have been notable changes in the institutional holdings of Bridge Investment Group. Quarry LP increased its stake by 22.5% during the second quarter, owning 8,350 shares worth $62,000 after acquiring an additional 1,535 shares. In the third quarter, Jane Street Group LLC entered a new position valued at around $102,000, while other firms such as Paloma Partners Management Co and XTX Topco Ltd also bought in, contributing to the 52.83% of stock currently owned by institutional investors.

Research Analyst Insights

Bridge Investment Group's stock has been the subject of various research analyst reports. Morgan Stanley downgraded the stock from an "overweight" to an "equal weight" rating, lowering their price target from $14 to $11. Conversely, UBS Group raised their target from $7 to $11, giving a "neutral" rating. Wells Fargo increased its target from $11 to $11.50 with an "overweight" rating. Overall, the consensus rating for the stock is "Hold" with a price target of $11.00.

Understanding Bridge Investment Group

Bridge Investment Group Holdings Inc. specializes in real estate investment management within the United States. The firm manages capital for roughly a hundred global institutions and 6,500 individual investors, structured across about 25 investment vehicles. Established in 2009 and based in Salt Lake City, Utah, the company has been a significant player in the investment sector.

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