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

Bridge Investment Group Holdings Inc. (NYSE:BRDGGet Rating) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 454,700 shares, a decline of 32.6% from the March 31st total of 674,900 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 132,400 shares, the days-to-cover ratio is currently 3.4 days.

BRDG has been the subject of a number of recent analyst reports. Citigroup decreased their target price on Bridge Investment Group from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. Zacks Investment Research downgraded Bridge Investment Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 2nd. Morgan Stanley cut their price target on Bridge Investment Group from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, April 20th. Finally, Wells Fargo & Company cut their price target on Bridge Investment Group from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $22.00.

Shares of NYSE:BRDG opened at $18.78 on Friday. The stock has a 50 day moving average of $19.38 and a 200 day moving average of $20.51. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.27. Bridge Investment Group has a 12-month low of $14.05 and a 12-month high of $25.61.

Bridge Investment Group (NYSE:BRDGGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The company had revenue of $107.32 million for the quarter, compared to the consensus estimate of $72.80 million. Bridge Investment Group had a net margin of 41.64% and a return on equity of 17.23%. As a group, research analysts expect that Bridge Investment Group will post 1.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.47%.

A number of hedge funds have recently bought and sold shares of BRDG. FourThought Financial LLC bought a new position in Bridge Investment Group in the 3rd quarter worth approximately $62,000. Wells Fargo & Company MN boosted its stake in Bridge Investment Group by 764.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,722 shares of the company’s stock worth $68,000 after purchasing an additional 2,407 shares during the period. Acadian Asset Management LLC bought a new position in Bridge Investment Group in the 4th quarter worth approximately $186,000. Charles Schwab Investment Management Inc. bought a new position in Bridge Investment Group in the 4th quarter worth approximately $249,000. Finally, Cubist Systematic Strategies LLC bought a new position in Bridge Investment Group in the 3rd quarter worth approximately $274,000. Institutional investors and hedge funds own 65.28% of the company’s stock.

Bridge Investment Group Company Profile (Get Rating)

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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