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

Bridge Investment Group Holdings Inc. (NYSE:BRDG) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 351,900 shares, an increase of 25.2% from the November 30th total of 281,000 shares. Based on an average trading volume of 233,700 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group raised their target price on Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their target price on shares of Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. TD Cowen dropped their price objective on shares of Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Finally, Morgan Stanley cut Bridge Investment Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $14.00 to $11.00 in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.00.

Hedge Funds Weigh In On Bridge Investment Group

A number of hedge funds and other institutional investors have recently made changes to their positions in BRDG. Quarry LP lifted its stake in Bridge Investment Group by 22.5% in the second quarter. Quarry LP now owns 8,350 shares of the company’s stock valued at $62,000 after buying an additional 1,535 shares in the last quarter. Jane Street Group LLC bought a new stake in Bridge Investment Group in the 3rd quarter valued at $102,000. Paloma Partners Management Co bought a new position in Bridge Investment Group during the 3rd quarter worth about $110,000. XTX Topco Ltd acquired a new stake in shares of Bridge Investment Group in the 3rd quarter valued at about $127,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Bridge Investment Group by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company’s stock worth $411,000 after buying an additional 1,735 shares during the period. 52.83% of the stock is owned by institutional investors.

Bridge Investment Group Stock Down 0.1 %

Shares of NYSE:BRDG opened at $8.37 on Tuesday. Bridge Investment Group has a one year low of $6.18 and a one year high of $11.69. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 209.30 and a beta of 1.54. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50 day moving average of $9.73 and a 200-day moving average of $8.85.

Bridge Investment Group (NYSE:BRDG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. The company had revenue of $101.51 million during the quarter, compared to the consensus estimate of $85.00 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. On average, sell-side analysts forecast that Bridge Investment Group will post 0.68 earnings per share for the current year.

Bridge Investment Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 4.78%. The ex-dividend date was Friday, December 6th. Bridge Investment Group’s payout ratio is presently 1,000.00%.

Bridge Investment Group Company Profile

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.