Analysts at Wells Fargo & Company started coverage on shares of Bridge Investment Group (NYSE:BRDG – Get Free Report) in a research report issued on Thursday, MarketBeat.com reports. The firm set an “overweight” rating and a $11.00 price target on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 22.56% from the stock’s current price.
Bridge Investment Group Trading Up 4.5 %
Shares of Bridge Investment Group stock opened at $8.98 on Thursday. Bridge Investment Group has a 52-week low of $6.18 and a 52-week high of $10.22. The stock’s 50-day simple moving average is $7.94 and its 200 day simple moving average is $7.38. The stock has a market capitalization of $1.09 billion, a P/E ratio of -37.39 and a beta of 1.63. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.21 and a current ratio of 1.21.
Bridge Investment Group (NYSE:BRDG – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Bridge Investment Group had a return on equity of 16.35% and a net margin of 0.82%. The business had revenue of $104.76 million for the quarter, compared to analysts’ expectations of $79.05 million. During the same period in the previous year, the business posted $0.20 EPS. As a group, research analysts anticipate that Bridge Investment Group will post 0.77 EPS for the current year.
Insider Activity
Institutional Trading of Bridge Investment Group
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP bought a new stake in Bridge Investment Group in the fourth quarter valued at approximately $37,000. Albion Financial Group UT bought a new stake in Bridge Investment Group in the second quarter valued at approximately $37,000. HBK Sorce Advisory LLC lifted its position in Bridge Investment Group by 23.4% in the first quarter. HBK Sorce Advisory LLC now owns 21,296 shares of the company’s stock valued at $146,000 after purchasing an additional 4,035 shares during the last quarter. Aigen Investment Management LP bought a new stake in Bridge Investment Group in the fourth quarter valued at approximately $249,000. Finally, Jump Financial LLC lifted its position in Bridge Investment Group by 142.7% in the fourth quarter. Jump Financial LLC now owns 31,800 shares of the company’s stock valued at $311,000 after purchasing an additional 18,700 shares during the last quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.
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.
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