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    Home » Bridge investment group vice chairman sells $259,684 in stock By Investing.com
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    Bridge investment group vice chairman sells $259,684 in stock By Investing.com

    userBy userJanuary 6, 2025No Comments2 Mins Read
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    Following these transactions, Dean retains direct ownership of 662,473 shares of Class A Common Stock. Additionally, Dean holds indirect ownership in various trusts and investment entities, including the Dean Allara Family Legacy Trust and Rockridge Investments, LLC, with significant holdings in Class B Common Stock and Class A Units. The company has demonstrated strong performance with 63.7% revenue growth over the last twelve months, despite InvestingPro data showing volatile stock price movements recently. The company has demonstrated strong performance with 63.7% revenue growth over the last twelve months, despite InvestingPro data showing volatile stock price movements recently.

    Following these transactions, Dean retains direct ownership of 662,473 shares of Class A Common Stock. Additionally, Dean holds indirect ownership in various trusts and investment entities, including the Dean Allara Family Legacy Trust and Rockridge Investments, LLC, with significant holdings in Class B Common Stock and Class A Units.

    In other recent news, Bridge Investment Group has been in the spotlight following a series of noteworthy developments. TD Cowen adjusted its outlook on the company, reducing the price target from $10.50 to $10.00, while maintaining a Hold rating. This adjustment comes amid projections of a more cautious view of the company’s future financial performance, with the firm’s 2025 earnings estimates being approximately 20% lower than market expectations. The revised price target reflects a reassessment of the company’s potential for exits and monetizations, as well as the company’s perceived strategic direction.

    Simultaneously, Bridge Investment Group reported solid third-quarter financial results for 2024, with a GAAP net income of $10.6 million and diluted net income per share of $0.04. Distributable earnings stood at $28.2 million, or $0.15 per share after tax, and a dividend of $0.10 per share was declared. These recent developments indicate a conservative financial trajectory for Bridge Investment Group in the coming years, as suggested by TD Cowen’s revised estimates and price target.

    This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.





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