XTX Topco Ltd Takes $127,000 Position in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

XTX Topco Ltd acquired a new stake in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,901 shares of the company’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC bought a new position in shares of Bridge Investment Group during the 3rd quarter valued at $102,000. State Street Corp increased its position in Bridge Investment Group by 12.0% during the third quarter. State Street Corp now owns 128,711 shares of the company’s stock worth $1,270,000 after buying an additional 13,800 shares during the last quarter. Paloma Partners Management Co bought a new position in Bridge Investment Group during the third quarter valued at about $110,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Bridge Investment Group in the third quarter worth about $638,000. Finally, FMR LLC boosted its stake in shares of Bridge Investment Group by 288.0% during the 3rd quarter. FMR LLC now owns 1,509,690 shares of the company’s stock worth $14,901,000 after acquiring an additional 1,120,549 shares in the last quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

Bridge Investment Group Price Performance

Shares of Bridge Investment Group stock opened at $8.50 on Friday. The firm has a fifty day moving average price of $9.98 and a two-hundred day moving average price of $8.79. Bridge Investment Group Holdings Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $11.69. 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 market cap of $1.03 billion, a PE ratio of 212.55 and a beta of 1.54.

Bridge Investment Group (NYSE:BRDG) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $85.00 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. During the same period last year, the business earned $0.22 earnings per share. Analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Friday, December 6th. Bridge Investment Group’s dividend payout ratio is presently 1,000.00%.

Analyst Upgrades and Downgrades

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

Bridge Investment Group 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.