Bridge Investment Group Holdings Inc (NYSE: BRDG) is -9.52% lower on its value in year-to-date trading and has touched a low of $6.18 and a high of $11.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BRDG stock was last observed hovering at around $7.56 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $7.60, the stock is -11.30% and -19.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.39 million and changing 0.53% at the moment leaves the stock -8.92% off its SMA200. BRDG registered -21.57% loss for a year compared to 6-month gain of 2.84%. The firm has a 50-day simple moving average (SMA 50) of $9.5302 and a 200-day simple moving average (SMA200) of $8.3394.
The stock witnessed a -20.92% loss in the last 1 month and extending the period to 3 months gives it a -20.75%, and is -9.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.69% over the week and 3.58% over the month.
Bridge Investment Group Holdings Inc (BRDG) has around 2300 employees, a market worth around $1.98B and $442.94M in sales. Fwd P/E is 8.69. Profit margin for the company is 0.43%. Distance from 52-week low is 22.98% and -34.99% from its 52-week high. The company has generated returns on investments over the last 12 months (0.34%).
The EPS is expected to shrink by -8.84% this year
86.0 institutions hold shares in Bridge Investment Group Holdings Inc (BRDG), with institutional investors hold 52.79% of the company’s shares. The shares outstanding are 41.78M, and float is at 35.54M with Short Float at 0.99%. Institutions hold 45.59% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.84 million shares valued at $28.5 million. The investor’s holdings represent 12.2547 of the BRDG Shares outstanding. As of 2024-06-30, the second largest holder is JENNISON ASSOCIATES LLC with 3.3 million shares valued at $24.46 million to account for 10.5162 of the shares outstanding. The other top investors are VOSS CAPITAL, LLC which holds 1.75 million shares representing 5.5835 and valued at over $12.99 million, while FRANKLIN RESOURCES INC holds 4.0603 of the shares totaling 1.27 million with a market value of $9.44 million.
Bridge Investment Group Holdings Inc (BRDG) Insider Activity
The most recent transaction is an insider sale by Allara Dean, the company’s Vice Chairman. SEC filings show that Allara Dean sold 10,877 shares of the company’s common stock on Jan 06 ’25 at a price of $8.31 per share for a total of $90388.0. Following the sale, the insider now owns 0.66 million shares.
Bridge Investment Group Holdings Inc disclosed in a document filed with the SEC on Jan 02 ’25 that Allara Dean (Vice Chairman) sold a total of 10,438 shares of the company’s common stock. The trade occurred on Jan 02 ’25 and was made at $8.29 per share for $86531.0. Following the transaction, the insider now directly holds 0.68 million shares of the BRDG stock.
Still, SEC filings show that on Jan 03 ’25, Allara Dean (Vice Chairman) disposed off 10,256 shares at an average price of $8.07 for $82766.0. The insider now directly holds 673,350 shares of Bridge Investment Group Holdings Inc (BRDG).
