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    Home » Bridge Investment Group’s chief accounting officer sells $18,186 in stock By Investing.com
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    Bridge Investment Group’s chief accounting officer sells $18,186 in stock By Investing.com

    userBy userJanuary 6, 2025No Comments2 Mins Read
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    Bridge Investment Group Holdings Inc. (NYSE:BRDG), a $345 million market cap company currently trading at $8.30 per share with a notable 4.82% dividend yield, recently reported that its Chief Accounting Officer, Garrett Behling, sold shares amounting to a total of $18,186. The transactions occurred over three days, with sales prices ranging from $8.07 to $8.31 per share. InvestingPro data shows the stock has experienced volatile price movements recently.

    On January 2, Behling sold 731 shares at a weighted average price of $8.29, followed by a sale of 718 shares on January 3 at an average price of $8.07. The final transaction took place on January 6, with 762 shares sold at an average price of $8.31. Following these transactions, Behling retains ownership of 45,553 shares of Bridge Investment Group.

    These transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, providing transparency to investors and stakeholders regarding insider activities within the company.

    In other recent news, Bridge Investment Group has 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. The distributable earnings were $28.2 million, or $0.15 per share after tax, and a dividend of $0.10 per share was announced. These recent developments demonstrate the company’s financial health and commitment to shareholder returns.

    In another development, TD Cowen maintained a Hold rating on Bridge Investment Group but reduced the firm’s price target from the previous $10.50 to $10.00. The adjustment comes as the analyst projects a more cautious view of the company’s future financial performance compared to consensus estimates. The analyst’s estimates for Bridge Investment Group’s 2025 and 2026 earnings are lower than market estimates and industry peers, respectively.

    Additionally, the analyst mentioned that Bridge Investment Group is no longer viewed as a probable candidate for sale, indicating a shift in the perceived strategic direction for the company. The Hold rating suggests that investors maintain their current positions, reflecting a conservative outlook for the company’s financial trajectory in the coming years.

    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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