Voss Capital LLC Has $3.42 Million Stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Voss Capital LLC trimmed its stake in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDGFree Report) by 12.0% during the fourth quarter, HoldingsChannel reports. The fund owned 350,000 shares of the company’s stock after selling 47,790 shares during the period. Voss Capital LLC’s holdings in Bridge Investment Group were worth $3,423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Bridge Investment Group by 769.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,373 shares of the company’s stock valued at $170,000 after buying an additional 7,410 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Bridge Investment Group by 6.2% in the 1st quarter. Bank of New York Mellon Corp now owns 63,146 shares of the company’s stock valued at $1,285,000 after buying an additional 3,703 shares during the last quarter. BlackRock Inc. increased its stake in Bridge Investment Group by 1.1% in the 1st quarter. BlackRock Inc. now owns 342,538 shares of the company’s stock valued at $6,971,000 after buying an additional 3,650 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Bridge Investment Group by 39.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 557,049 shares of the company’s stock valued at $11,336,000 after buying an additional 156,156 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Bridge Investment Group by 26.5% in the 1st quarter. Vanguard Group Inc. now owns 2,075,765 shares of the company’s stock valued at $42,241,000 after buying an additional 434,346 shares during the last quarter. 52.83% of the stock is currently owned by institutional investors and hedge funds.

Bridge Investment Group Price Performance

Shares of BRDG stock traded down $0.08 during midday trading on Monday, hitting $6.82. 198,749 shares of the company were exchanged, compared to its average volume of 298,069. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50 day moving average price is $7.37 and its two-hundred day moving average price is $8.14. Bridge Investment Group Holdings Inc. has a 52 week low of $6.18 and a 52 week high of $13.07.

Bridge Investment Group (NYSE:BRDGGet Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $70.52 million for the quarter, compared to the consensus estimate of $78.55 million. Bridge Investment Group had a positive return on equity of 9.14% and a negative net margin of 1.73%. As a group, equities analysts forecast that Bridge Investment Group Holdings Inc. will post 0.78 earnings per share for the current fiscal year.

Bridge Investment Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Thursday, March 7th. Bridge Investment Group’s payout ratio is -62.22%.

Analyst Ratings Changes

Several equities research analysts have issued reports on BRDG shares. Wells Fargo & Company lowered their price target on shares of Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. UBS Group decreased their price objective on shares of Bridge Investment Group from $9.50 to $6.50 and set a “neutral” rating for the company in a research report on Friday, March 15th. Morgan Stanley decreased their price objective on shares of Bridge Investment Group from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, February 26th. TD Cowen assumed coverage on shares of Bridge Investment Group in a research report on Thursday, January 4th. They issued an “outperform” rating and a $11.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Bridge Investment Group from $13.50 to $11.50 and set an “overweight” rating for the company in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.67.

Read Our Latest Research Report on BRDG

About Bridge Investment Group

(Free Report)

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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Institutional Ownership by Quarter for Bridge Investment Group (NYSE:BRDG)

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