Bridge Investment Group (NYSE:BRDG) Sees Strong Trading Volume After Strong Earnings

Bridge Investment Group Holdings Inc. (NYSE:BRDG) experienced a notable increase in trading activity on Tuesday, following the announcement of its quarterly earnings, which surpassed expectations. During the trading session, 695,335 shares were exchanged, representing a 159% rise compared to the previous day's volume of 268,140 shares. The stock's last price was $10.26, slightly down from the prior close of $10.60.

The company reported earnings per share (EPS) of $0.18 for the quarter, exceeding analysts' predictions of $0.16 by $0.02. Additionally, the reported revenue stood at $81.96 million, closely aligning with the consensus forecast of $82.02 million. Bridge Investment Group recorded a return on equity of 9.91% and a net margin of 1.92%, showcasing its financial performance.

Wall Street Analysts Forecast Growth

In light of the recent earnings report, several analysts have updated their evaluations of Bridge Investment Group. For instance, TD Cowen adjusted their target price for the stock from $10.50 to $10.00, maintaining a "hold" rating. Similarly, Morgan Stanley changed their position from "overweight" to "equal weight," lowering their target price from $14.00 to $11.00. Wells Fargo reduced its target price from $12.00 to $10.00, also retaining an "overweight" rating. In another note, JPMorgan Chase reiterated a "neutral" rating with a price target of $10.00, down from the previous $12.00. Overall, four analysts have assigned a hold rating, while one analyst has recommended a buy. According to MarketBeat, the consensus rating is a "Hold" with a target price of $10.40.

Insider Transactions at Bridge Investment Group

Recent insider activities have also caught the attention of investors. Chairman Robert Randolph Morse sold 47,252 shares on January 6 at an average price of $8.31, translating to a total of $392,664.12. Following this sale, Morse’s holdings decreased slightly to 3,157,271 shares, currently valued at $26,236,922.01. Moreover, CEO Jonathan Slager sold 11,403 shares on January 2 for $94,530.87, bringing his total holdings down to approximately 962,481 shares worth about $7,978,967.49. In the last three months, insiders sold a total of 145,187 shares valued at $1,204,966. Currently, corporate insiders own 73.00% of the company's stock.

Institutional Inflows and Outflows

Recently, institutional investors have shown increased activity regarding Bridge Investment Group. For example, Vanguard Group Inc. raised its stake by 6.4% in the fourth quarter, now owning 3,481,145 shares valued at $29,242,000. Jennison Associates LLC also lifted its position by 0.9%, bringing their total to 3,402,475 shares valued at $28,581,000. Additionally, FMR LLC increased its holdings significantly by 288.0% during the third quarter, acquiring 1,509,690 shares worth $14,901,000. Other firms, including Franklin Resources Inc. and Royce & Associates LP, have also expanded their investments. Currently, institutional investors and hedge funds control 52.83% of the shares in Bridge Investment Group.

Bridge Investment Group Price Performance

The company has a fifty-day moving average price of $8.07 and a 200-day moving average of $8.94. Its market capitalization is approximately $1.24 billion, with a price-to-earnings ratio of 256.56. The beta is recorded at 1.56, and the company maintains a debt-to-equity ratio of 0.86. Both the quick and current ratios are at 1.14, indicating a stable liquidity position.

About Bridge Investment Group

Bridge Investment Group Holdings Inc. operates in the real estate investment management sector within the United States. The company manages assets for nearly one hundred global institutions and over 6,500 individual investors distributed across approximately 25 investment vehicles. Founded in 2009 and based in Salt Lake City, Utah, Bridge Investment Group plays a significant role in the real estate market.

Trading, Volume, Earnings