Jump Financial LLC Purchases 18,700 Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Jump Financial LLC boosted its position in Bridge Investment Group Holdings Inc. (NYSE:BRDG) by 142.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 31,800 shares of the company’s stock after buying an additional 18,700 shares during the quarter. Jump Financial LLC’s holdings in Bridge Investment Group were worth $311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in Bridge Investment Group during the 4th quarter worth $479,000. Vanguard Group Inc. grew its stake in shares of Bridge Investment Group by 1.2% during the third quarter. Vanguard Group Inc. now owns 2,619,156 shares of the company’s stock worth $24,096,000 after purchasing an additional 30,787 shares during the period. Barclays PLC increased its holdings in Bridge Investment Group by 45.3% in the third quarter. Barclays PLC now owns 84,284 shares of the company’s stock valued at $776,000 after purchasing an additional 26,294 shares during the last quarter. Raymond James & Associates lifted its stake in Bridge Investment Group by 13.1% in the fourth quarter. Raymond James & Associates now owns 15,259 shares of the company’s stock valued at $149,000 after buying an additional 1,772 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Bridge Investment Group by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 218,284 shares of the company’s stock worth $2,008,000 after buying an additional 1,735 shares during the period. 52.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRDG has been the topic of a number of analyst reports. Morgan Stanley cut their price target on shares of Bridge Investment Group from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. JPMorgan Chase & Co. decreased their price target on shares of Bridge Investment Group from $13.50 to $11.50 and set an “overweight” rating for the company in a report on Friday, February 23rd. UBS Group dropped their price objective on Bridge Investment Group from $9.50 to $6.50 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Finally, Wells Fargo & Company reduced their target price on Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.20.

Bridge Investment Group Stock Up 2.7 %

Bridge Investment Group stock opened at $7.90 on Friday. The company has a 50 day moving average of $6.93 and a 200-day moving average of $7.92. The stock has a market capitalization of $955.82 million, a PE ratio of -32.92 and a beta of 1.59. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.89. Bridge Investment Group Holdings Inc. has a twelve month low of $6.18 and a twelve month high of $13.07.

Bridge Investment Group (NYSE:BRDG) last announced its earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Bridge Investment Group had a net margin of 0.25% and a return on equity of 10.23%. The firm had revenue of $70.52 million during the quarter, compared to analyst estimates of $78.55 million. On average, equities research analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.79 EPS for the current fiscal year.

Bridge Investment Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 31st. This is a boost from Bridge Investment Group’s previous quarterly dividend of $0.07. This represents a $0.48 annualized dividend and a yield of 6.08%. Bridge Investment Group’s payout ratio is -116.66%.

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.