Connor Clark & Lunn Investment Management Ltd. Takes $209,000 Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,781 shares of the company’s stock, valued at approximately $209,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of Bridgewater Bancshares at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Bridgewater Bancshares by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company’s stock worth $12,243,000 after acquiring an additional 7,223 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Bridgewater Bancshares by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock worth $9,171,000 after purchasing an additional 37,090 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Bridgewater Bancshares by 18.3% in the 2nd quarter. Acadian Asset Management LLC now owns 342,197 shares of the company’s stock worth $3,972,000 after purchasing an additional 53,024 shares in the last quarter. American Century Companies Inc. grew its position in Bridgewater Bancshares by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 284,904 shares of the company’s stock valued at $3,308,000 after purchasing an additional 4,450 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in Bridgewater Bancshares by 13.5% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 108,804 shares of the company’s stock valued at $1,263,000 after purchasing an additional 12,941 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bridgewater Bancshares news, Director James S. Johnson sold 4,705 shares of Bridgewater Bancshares stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.00, for a total transaction of $70,575.00. Following the transaction, the director now directly owns 93,646 shares of the company’s stock, valued at $1,404,690. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Juran sold 14,531 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $14.76, for a total transaction of $214,477.56. Following the completion of the sale, the director now owns 5,469 shares of the company’s stock, valued at approximately $80,722.44. The trade was a 72.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,546 shares of company stock worth $665,325 in the last quarter. Insiders own 23.21% of the company’s stock.

Bridgewater Bancshares Stock Performance

BWB opened at $14.90 on Monday. The company has a market cap of $408.65 million, a price-to-earnings ratio of 14.19 and a beta of 0.67. The company’s fifty day moving average price is $14.70 and its two-hundred day moving average price is $13.32. Bridgewater Bancshares, Inc. has a 1-year low of $10.29 and a 1-year high of $16.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.