Bridge Funding Group (NYSE:BRDG – Get Free Report) had its value goal lifted by inventory analysts at Morgan Stanley from $11.00 to $14.00 in a analysis word issued on Thursday, Benzinga stories. The agency presently has an “chubby” score on the inventory. Morgan Stanley’s goal value would counsel a possible upside of 39.44% from the corporate’s earlier shut.
Individually, Wells Fargo & Firm lifted their value goal on shares of Bridge Funding Group from $11.00 to $11.50 and gave the inventory an “chubby” score in a analysis word on Wednesday. One equities analysis analyst has rated the inventory with a maintain score and 4 have given a purchase score to the inventory. Primarily based on information from MarketBeat, Bridge Funding Group presently has a consensus score of “Average Purchase” and a median value goal of $10.90.
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Bridge Funding Group Inventory Up 3.0 %
BRDG traded up $0.29 throughout noon buying and selling on Thursday, reaching $10.04. The corporate’s inventory had a buying and selling quantity of 169,503 shares, in comparison with its common quantity of 233,573. The inventory’s 50-day shifting common is $8.50 and its 200-day shifting common is $7.73. Bridge Funding Group has a 1 12 months low of $6.18 and a 1 12 months excessive of $10.15. The corporate has a present ratio of 1.21, a fast ratio of 1.21 and a debt-to-equity ratio of 0.85. The agency has a market capitalization of $1.21 billion, a price-to-earnings ratio of -41.75 and a beta of 1.65.
Bridge Funding Group (NYSE:BRDG – Get Free Report) final issued its quarterly earnings information on Tuesday, August sixth. The corporate reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Bridge Funding Group had a internet margin of 0.82% and a return on fairness of 16.35%. The corporate had income of $104.76 million for the quarter, in comparison with the consensus estimate of $79.05 million. Throughout the identical quarter within the prior 12 months, the agency earned $0.20 earnings per share. As a bunch, analysis analysts anticipate that Bridge Funding Group will put up 0.77 EPS for the present 12 months.
Insider Transactions at Bridge Funding Group
In different Bridge Funding Group information, COO Adam O’farrell offered 3,748 shares of the enterprise’s inventory in a transaction on Monday, July twenty second. The shares have been offered at a median value of $8.26, for a complete worth of $30,958.48. Following the transaction, the chief working officer now straight owns 455,514 shares of the corporate’s inventory, valued at roughly $3,762,545.64. The commerce was a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which might be accessed by means of the SEC web site. In associated information, COO Adam O’farrell offered 3,748 shares of the enterprise’s inventory in a transaction dated Monday, July twenty second. The shares have been offered at a median value of $8.26, for a complete worth of $30,958.48. Following the sale, the chief working officer now straight owns 455,514 shares within the firm, valued at $3,762,545.64. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is offered at this hyperlink. Additionally, insider Dean Allara offered 5,730 shares of the inventory in a transaction dated Monday, July twenty second. The inventory was offered at a median value of $8.26, for a complete transaction of $47,329.80. Following the transaction, the insider now owns 555,276 shares within the firm, valued at roughly $4,586,579.76. The commerce was a 0.00 % lower of their possession of the inventory. The disclosure for this sale might be discovered right here. Within the final quarter, insiders offered 84,366 shares of firm inventory value $687,133. 65.90% of the inventory is presently owned by insiders.
Institutional Inflows and Outflows
Massive buyers have just lately modified their holdings of the enterprise. Thornburg Funding Administration Inc. elevated its stake in Bridge Funding Group by 181.2% within the 1st quarter. Thornburg Funding Administration Inc. now owns 783,353 shares of the corporate’s inventory value $5,358,000 after buying a further 504,812 shares within the final quarter. Jennison Associates LLC elevated its stake in Bridge Funding Group by 6.8% within the 1st quarter. Jennison Associates LLC now owns 3,261,218 shares of the corporate’s inventory value $22,339,000 after buying a further 206,840 shares within the final quarter. 1832 Asset Administration L.P. acquired a brand new stake in Bridge Funding Group in the course of the 1st quarter value about $966,000. Quadrature Capital Ltd acquired a brand new stake in Bridge Funding Group in the course of the 4th quarter value about $460,000. Lastly, Marshall Wace LLP boosted its place in Bridge Funding Group by 22.0% in the course of the 2nd quarter. Marshall Wace LLP now owns 114,769 shares of the corporate’s inventory value $852,000 after buying a further 20,726 shares in the course of the interval. 52.83% of the inventory is owned by institutional buyers and hedge funds.
About Bridge Funding Group
Bridge Funding Group Holdings Inc engages in the true property funding administration enterprise in the USA. It manages capital on behalf of roughly hundred world establishments and 6,500 particular person buyers throughout roughly 25 funding automobiles. The corporate was based in 2009 and is headquartered in Salt Lake Metropolis, Utah.
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