Mesirow Financial Investment Management Inc. purchased a new position in shares of Bridgewater Bancshares Inc (NASDAQ:BWB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,870 shares of the company’s stock, valued at approximately $389,000. Bridgewater Bancshares makes up about 2.0% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 20th largest holding.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Monarch Partners Asset Management LLC raised its position in Bridgewater Bancshares by 10.0% during the second quarter. Monarch Partners Asset Management LLC now owns 51,360 shares of the company’s stock worth $653,000 after acquiring an additional 4,650 shares during the period. Engineers Gate Manager LP acquired a new position in Bridgewater Bancshares during the second quarter worth $142,000. Carlson Capital Management acquired a new position in Bridgewater Bancshares during the second quarter worth $143,000. Acadian Asset Management LLC acquired a new position in Bridgewater Bancshares during the second quarter worth $148,000. Finally, Bank of New York Mellon Corp acquired a new position in Bridgewater Bancshares during the second quarter worth $157,000. 33.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ BWB traded down $0.18 during mid-day trading on Tuesday, reaching $12.81. The company’s stock had a trading volume of 2,910 shares, compared to its average volume of 77,144. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53. Bridgewater Bancshares Inc has a 1-year low of $12.29 and a 1-year high of $13.87.
In other Bridgewater Bancshares news, CEO Jerry J. Baack bought 2,000 shares of Bridgewater Bancshares stock in a transaction dated Tuesday, July 31st. The stock was acquired at an average cost of $12.77 per share, for a total transaction of $25,540.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas J. Parish bought 8,000 shares of Bridgewater Bancshares stock in a transaction dated Thursday, August 16th. The stock was acquired at an average price of $12.39 per share, with a total value of $99,120.00. The disclosure for this purchase can be found here.
Separately, Zacks Investment Research cut shares of Bridgewater Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th.
Bridgewater Bancshares Profile
Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high-net-worth individuals in the United States. It offers saving and money market, time, interest and noninterest bearing transaction, and brokered deposits.
Further Reading: Understanding Compound Annual Growth Rate (CAGR)
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