Credit Suisse Group research analysts have begun covering stocks of Bridge Investment Group (NYSE: BRDG – Get Rating) in a research report delivered to clients and investors on Tuesday, reports The Fly. The brokerage set a “neutral” rating on the stock.
Other equity research analysts have also published research reports on the company. Morgan Stanley raised its price target on Bridge Investment Group from $21.00 to $22.00 and gave the stock an “overweight” rating in a Friday, August 12 research note. Wells Fargo & Company raised its target price on Bridge Investment Group from $19.00 to $21.00 and gave the company an “overweight” rating in a Wednesday, Aug. 10 research note.
Bridge Investment Group Price Performance
NYSE: BRDG traded $0.40 during trading hours on Tuesday, hitting $15.29. 56,535 shares of the company were traded, compared to its average volume of 138,631. The company has a quick ratio of 1.13, a current ratio of 1.13 and a leverage ratio of 0.22. The company’s fifty-day simple moving average is $16.13 and its two-hundred-day simple moving average is $16.76. Bridge Investment Group has a 52-week low of $13.74 and a 52-week high of $25.61. The company has a market capitalization of $445.41 million, a P/E ratio of 8.89 and a beta of 1.85.
Bridge Investment Group (NYSE:BRDG – Get Rating) last released its quarterly results on Monday, August 8. The company reported earnings per share (EPS) of $0.32 for the quarter, beating the consensus estimate of $0.19 by $0.13. Bridge Investment Group achieved a return on equity of 4.61% and a net margin of 11.41%. The company had revenue of $99.02 million in the quarter. On average, research analysts expect Bridge Investment Group to post 1.1 earnings per share for the current fiscal year.
Institutional entries and exits
A number of hedge funds have recently bought and sold shares of BRDG. Captrust Financial Advisors increased its stake in Bridge Investment Group by 89.7% during the 1st quarter. Captrust Financial Advisors now owns 1,231 shares of the company valued at $25,000 after purchasing an additional 582 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Bridge Investment Group during Q2 for a value of approximately $96,000. JPMorgan Chase & Co. increased its equity stake in Bridge Investment Group by 769.5% in Q1. JPMorgan Chase & Co. now owns 8,373 shares of the company worth $170,000 after acquiring an additional 7,410 shares during the period. PDT Partners LLC increased its holdings of Bridge Investment Group shares by 13.6% during the 2nd quarter. PDT Partners LLC now owns 14,331 shares of the company worth $208,000 after acquiring an additional 1,721 shares during the period. Finally, Keybank National Association OH purchased a new position in shares of Bridge Investment Group during Q2 worth approximately $226,000. Hedge funds and other institutional investors own 59.49% of the company’s shares.
Bridge Investment Group Company Profile
(Get a rating)
Bridge Investment Group Holdings Inc is engaged in real estate investment management business in the United States. It manages capital on behalf of around 100 global institutions and 6,500 individual investors through approximately 25 investment vehicles. The company was founded in 2009 and is based in Salt Lake City, Utah.
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