Bridge Investment Group Holdings Inc. (NYSE:BRDG) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG) by 322.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 280,196 shares of the company’s stock after acquiring an additional 213,857 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.23% of Bridge Investment Group worth $2,354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BRDG. FMR LLC increased its stake in Bridge Investment Group by 288.0% in the 3rd quarter. FMR LLC now owns 1,509,690 shares of the company’s stock worth $14,901,000 after purchasing an additional 1,120,549 shares in the last quarter. State Street Corp increased its position in shares of Bridge Investment Group by 12.0% in the third quarter. State Street Corp now owns 128,711 shares of the company’s stock worth $1,270,000 after acquiring an additional 13,800 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Bridge Investment Group in the third quarter worth approximately $102,000. XTX Topco Ltd acquired a new stake in shares of Bridge Investment Group during the third quarter valued at approximately $127,000. Finally, Geode Capital Management LLC lifted its position in shares of Bridge Investment Group by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 407,709 shares of the company’s stock valued at $4,026,000 after acquiring an additional 40,975 shares in the last quarter. 52.83% of the stock is owned by institutional investors and hedge funds.

Bridge Investment Group Trading Up 16.7 %

Shares of NYSE:BRDG opened at $8.96 on Thursday. Bridge Investment Group Holdings Inc. has a 12-month low of $6.49 and a 12-month high of $11.69. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.11 billion, a P/E ratio of 224.06 and a beta of 1.46. The firm has a fifty day moving average of $9.05 and a two-hundred day moving average of $9.23.

Bridge Investment Group (NYSE:BRDG) last posted its earnings results on Monday, February 24th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $81.96 million during the quarter, compared to analysts’ expectations of $82.02 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. On average, equities analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.11 dividend. This is a positive change from Bridge Investment Group’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 4.91%. The ex-dividend date was Friday, March 14th. Bridge Investment Group’s payout ratio is 488.89%.

Wall Street Analysts Forecast Growth

BRDG has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on shares of Bridge Investment Group from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday. UBS Group upped their price target on Bridge Investment Group from $7.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.40.

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.