Following these transactions, Morse retains direct ownership of 3,157,271 shares of Class A Common Stock. Additionally, he holds indirect ownership of Class B Common Stock through family trusts and FLM Holdings, LLC, as well as Class A Units, which can be redeemed for Class A Common Stock on a one-to-one basis.These sales are part of Morse’s ongoing management of his investment portfolio in Bridge Investment Group, a company specializing in investment advice and asset management. Morse’s role as both a director and officer, along with his significant ownership, underscores his influential position within the company. With revenue of $405 million in the last twelve months and an overall Financial Health score rated as "FAIR" by InvestingPro, investors can access comprehensive analysis and additional insights through the platform’s detailed Pro Research Report, available for BRDG and 1,400+ other US stocks. With revenue of $405 million in the last twelve months and an overall Financial Health score rated as "FAIR" by InvestingPro, investors can access comprehensive analysis and additional insights through the platform’s detailed Pro Research Report, available for BRDG and 1,400+ other US stocks.
Following these transactions, Morse retains direct ownership of 3,157,271 shares of Class A Common Stock. Additionally, he holds indirect ownership of Class B Common Stock through family trusts and FLM Holdings, LLC, as well as Class A Units, which can be redeemed for Class A Common Stock on a one-to-one basis.
These sales are part of Morse’s ongoing management of his investment portfolio in Bridge Investment Group, a company specializing in investment advice and asset management. Morse’s role as both a director and officer, along with his significant ownership, underscores his influential position within the company.
In other recent news, Bridge Investment Group has been under the lens of TD Cowen, which recently revised the firm’s price target from $10.50 to $10.00, while maintaining a hold rating. This adjustment reflects a more cautious view of the company’s future financial performance and aligns closer with the company’s closing price, indicating tempered expectations for stock growth. TD Cowen’s analysis also suggests that Bridge Investment Group is no longer seen as a probable candidate for sale, indicating a shift in the perceived strategic direction of the company.
In recent developments, Bridge Investment Group reported solid third-quarter financial results for 2024. The company announced a GAAP net income of $10.6 million and distributable earnings of $28.2 million, reflecting the company’s financial health. A dividend of $0.10 per share was declared, underscoring the firm’s commitment to shareholder returns.
Furthermore, Bridge Investment Group has deployed $1.3 billion in investments across various sectors and raised $607 million in Q3, indicating robust activity and investor interest. The company’s fee-earning AUM increased by 1.3% to $82.5 million, and net accrued performance revenue stands at $339.5 million. Analysts anticipate increased market activity and investor interest in 2025, along with substantial distributable earnings expected from key funds in late 2025 to 2026.
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