1 week Ago By Defense World Staff
Norges Bank acquired a new position in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 71,100 shares of the company’s stock, valued at approximately $597,000.
Norges Bank owned 0.06% of Bridge Investment Group as of its most recent SEC filing. Other institutional investors also recently made changes to their positions in the company.
Royce & Associates LP lifted its holdings in Bridge Investment Group by 29.3% during the 4th quarter. Royce & Associates LP now owns 999,626 shares of the company’s stock worth $8,397,000 after purchasing an additional 226,396 shares during the last quarter.
Vanguard Group Inc. increased its position in Bridge Investment Group by 6.4% during the 4th quarter.
Vanguard Group Inc. now owns 3,481,145 shares of the company’s stock worth $29,242,000 after buying an additional 208,022 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Bridge Investment Group by 204.
5% during the fourth quarter. Bank of New York Mellon Corp now owns 191,341 shares of the company’s stock worth $1,607,000 after buying an additional 128,505 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Bridge Investment Group by 11.
2% in the third quarter. Geode Capital Management LLC now owns 407,709 shares of the company’s stock valued at $4,026,000 after acquiring an additional 40,975 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Bridge Investment Group by 0.
9% in the fourth quarter. Jennison Associates LLC now owns 3,402,475 shares of the company’s stock valued at $28,581,000 after acquiring an additional 31,593 shares in the last quarter. Institutional investors own 52.
83% of the company’s stock. Bridge Investment Group Price PerformanceBRDG stock opened at $8.77 on Friday.
The company has a market capitalization of $1.09 billion, a P/E ratio of 219.23 and a beta of 1.
46. The company has a fifty day moving average price of $9.08 and a 200-day moving average price of $9.
22. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.
14 and a current ratio of 1.14. Bridge Investment Group Holdings Inc.
has a 52-week low of $6.49 and a 52-week high of $11.69.
Bridge Investment Group (NYSE:BRDG – Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
16 by $0.02. Bridge Investment Group had a return on equity of 9.
91% and a net margin of 1.92%. The business had revenue of $81.
96 million during the quarter, compared to analyst estimates of $82.02 million. As a group, equities analysts expect that Bridge Investment Group Holdings Inc.
will post 0.68 EPS for the current year. Bridge Investment Group Increases DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th.
Investors of record on Friday, March 14th were paid a $0.11 dividend. This is a positive change from Bridge Investment Group’s previous quarterly dividend of $0.
10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.
02%. The ex-dividend date was Friday, March 14th. Bridge Investment Group’s payout ratio is currently 488.
89%. Wall Street Analysts Forecast GrowthA number of analysts have issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Bridge Investment Group from $11.
00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. UBS Group boosted their price target on Bridge Investment Group from $7.
50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co.
reissued a “neutral” rating and set a $10.00 price target (down previously from $12.00) on shares of Bridge Investment Group in a research report on Tuesday, January 7th.
Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.40.
Check Out Our Latest Analysis on BRDGBridge Investment Group Profile (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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