Dimensional Fund Advisors LP Cuts Position in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Dimensional Fund Advisors LP lessened its holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,922 shares of the company’s stock after selling 11,088 shares during the period. Dimensional Fund Advisors LP owned about 0.12% of Bridge Investment Group worth $1,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in Bridge Investment Group during the 4th quarter worth approximately $37,000. Albion Financial Group UT purchased a new position in Bridge Investment Group in the second quarter worth approximately $37,000. HBK Sorce Advisory LLC grew 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 worth $146,000 after acquiring an additional 4,035 shares during the period. Quadrature Capital Ltd purchased a new position in Bridge Investment Group in the fourth quarter worth approximately $460,000. 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 currently owned by hedge funds and other institutional investors.

Insider Transactions at Bridge Investment Group

In related news, COO Adam O’farrell sold 3,770 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $8.03, for a total transaction of $30,273.10. Following the transaction, the chief operating officer now owns 448,167 shares of the company’s stock, valued at $3,598,781.01. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Bridge Investment Group news, insider Dean Allara sold 5,764 shares of Bridge Investment Group stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $8.03, for a total value of $46,284.92. Following the sale, the insider now owns 544,044 shares of the company’s stock, valued at approximately $4,368,673.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Adam O’farrell sold 3,770 shares of Bridge Investment Group stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $8.03, for a total value of $30,273.10. Following the completion of the sale, the chief operating officer now directly owns 448,167 shares in the company, valued at $3,598,781.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,366 shares of company stock worth $687,133. Corporate insiders own 65.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BRDG. Morgan Stanley raised their price target on Bridge Investment Group from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company increased their price objective on Bridge Investment Group from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.90.

Bridge Investment Group Stock Up 2.2 %

Bridge Investment Group stock opened at $10.52 on Friday. Bridge Investment Group Holdings Inc. has a 1-year low of $6.18 and a 1-year high of $10.76. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $1.27 billion, a PE ratio of -95.63 and a beta of 1.65. The stock’s fifty day moving average is $8.61 and its two-hundred day moving average is $7.79.

Bridge Investment Group (NYSE:BRDG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.19 earnings per share 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 company had revenue of $104.76 million for the quarter, compared to analysts’ expectations of $79.05 million. During the same period last year, the firm earned $0.20 earnings per share. On average, sell-side analysts expect that Bridge Investment Group Holdings Inc. will post 0.77 EPS for the current fiscal year.

Bridge Investment Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.13 per share. The ex-dividend date was Friday, August 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.94%. This is a boost from Bridge Investment Group’s previous quarterly dividend of $0.12. Bridge Investment Group’s payout ratio is -472.68%.

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.