Bridge Investment Group Holdings Inc. (NYSE:BRDG) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its position in Bridge Investment Group Holdings Inc. (NYSE:BRDG) by 25.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 220,171 shares of the company’s stock after selling 73,462 shares during the period. Two Sigma Investments LP owned 0.18% of Bridge Investment Group worth $1,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BRDG. EP Wealth Advisors LLC acquired a new position in shares of Bridge Investment Group during the 4th quarter worth about $89,000. Aquatic Capital Management LLC acquired a new position in Bridge Investment Group in the fourth quarter valued at approximately $95,000. EntryPoint Capital LLC acquired a new position in Bridge Investment Group in the fourth quarter valued at approximately $133,000. Raymond James Financial Inc. purchased a new position in Bridge Investment Group in the fourth quarter valued at approximately $168,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Bridge Investment Group during the fourth quarter worth approximately $221,000. Institutional investors and hedge funds own 52.83% of the company’s stock.

Bridge Investment Group Trading Down 0.2%

NYSE:BRDG opened at $9.19 on Tuesday. The firm has a market capitalization of $1.14 billion, a P/E ratio of 229.68 and a beta of 1.46. The business has a 50 day simple moving average of $9.21 and a 200 day simple moving average of $8.98. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. Bridge Investment Group Holdings Inc. has a 12-month low of $6.81 and a 12-month high of $11.69.

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 return on equity of 9.91% and a net margin of 1.92%. The firm had revenue of $71.80 million for the quarter, compared to the consensus estimate of $77.60 million. Equities research analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wells Fargo & Company increased their price objective on Bridge Investment Group from $10.00 to $10.50 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. UBS Group increased their price target on Bridge Investment Group from $7.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.