Katherine Elsnab Sells Shares of Bridge Investment Group Holdings Inc.

Katherine Elsnab, the Chief Financial Officer (CFO) of Bridge Investment Group Holdings Inc. (NYSE: BRDG), recently conducted a stock transaction, selling 3,078 shares of the company's stock. This transaction took place on Thursday, January 2nd, at an average selling price of $8.29 per share, resulting in a total value of $25,516.62. Post-transaction, Elsnab holds 303,937 shares in Bridge Investment Group, valued at approximately $2,519,637.73. This sale indicates a decrease of 1.00% in her overall position.

This sale was reported in a filing with the Securities and Exchange Commission (SEC), which can be accessed through their official website. Recently, Elsnab made another similar trade. On Monday, January 6th, she sold 3,206 shares at an average price of $8.31, bringing the total value of that transaction to $26,641.86.

Recent Trading Activity

On the trading front, Bridge Investment Group’s stock exhibited a modest increase of 0.2% during midday trading on Monday, climbing by $0.02 to reach $8.27 per share. During this trading session, 519,523 shares changed hands, significantly higher than the average volume of 313,608 shares. Currently, the company boasts a market capitalization of $1.00 billion, with a price-to-earnings (PE) ratio of 206.80 and a beta value of 1.57. The company maintains a current ratio and a quick ratio of 1.14, alongside a debt-to-equity ratio of 0.86. Over the last 50 days, the stock has averaged $9.49, while the 200-day moving average stands at $8.89. The share price has fluctuated within a 12-month range of $6.18 to $11.69.

Earnings Report

Bridge Investment Group last reported its quarterly earnings on November 6th, where it revealed an earnings per share (EPS) of $0.15. This figure fell short of market expectations, which anticipated an EPS of $0.18. The company reported revenues amounting to $101.51 million, surpassing analyst estimates of $85 million. Year-on-year, the company’s return on equity was measured at 9.91%, with a net margin of 1.92%. Analysts forecast that Bridge Investment Group Holdings Inc. is likely to post an EPS of 0.68 for the current fiscal year.

Dividend Information

The company has also recently declared a quarterly dividend, which was distributed on December 20th to shareholders who were on record as of December 6th. The dividend was set at $0.10 per share, indicating an annualized dividend of $0.40 and a dividend yield of 4.84%. Notably, Bridge Investment Group's dividend payout ratio (DPR) stands at an astonishing 1,000.00%.

Institutional Holdings

In terms of institutional trading, several hedge funds have adjusted their holdings in Bridge Investment Group. Quarry LP increased its stake by 22.5% in the second quarter, now owning 8,350 shares worth $62,000 after acquiring an additional 1,535 shares. Other significant institutional actions include Jane Street Group's new position in the third quarter, valued at around $102,000, and Paloma Partners Management, which also acquired shares valued at approximately $110,000. Overall, institutional investors and hedge funds currently hold 52.83% of the company’s stock.

Analyst Ratings and Price Targets

Research analysts have also been evaluating Bridge Investment Group. Morgan Stanley has downgraded the stock from an "overweight" rating to an "equal weight" rating, reducing its price target from $14.00 to $11.00. Meanwhile, UBS Group increased its target from $7.00 to $11.00, maintaining a "neutral" outlook on the shares. In another report, Wells Fargo boosted its price objective from $11.00 to $11.50, assigning an "overweight" rating. Currently, three analysts have given the stock a "hold" rating, while two rated it as a buy, leading to a consensus rating of "Hold" and a price target of $11.00 as reported by MarketBeat.com.

About Bridge Investment Group

Bridge Investment Group Holdings Inc. specializes in real estate investment management in the United States. The firm manages capital for approximately one hundred global institutions and around 6,500 individual investors across nearly 25 investment funds. Established in 2009, the company has its headquarters in Salt Lake City, Utah.

CFO, Shares, Stock, Investment, Trading