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Following these transactions, Slager retains direct ownership of 939,394 shares of Class A Common Stock. Additionally, he holds indirect stakes in Class B Common Stock through various entities, including the SF Intentional Irrevocable Trust, J.P. Slager, LLC, and the Slager Family Limited Partnership. These holdings remain unchanged following the recent transactions. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access detailed research reports covering 1,400+ US stocks, including BRDG. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access detailed research reports covering 1,400+ US stocks, including BRDG.
Following these transactions, Slager retains direct ownership of 939,394 shares of Class A Common Stock. Additionally, he holds indirect stakes in Class B Common Stock through various entities, including the SF Intentional Irrevocable Trust, J.P. Slager, LLC, and the Slager Family Limited Partnership. These holdings remain unchanged following the recent transactions.
In other recent news, Bridge Investment Group reported robust 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 firm's distributable earnings reached $28.2 million, translating to $0.15 per share after tax. The Board of Bridge Investment Group declared a dividend of $0.10 per share, reinforcing the company's financial health.
Simultaneously, TD Cowen revised its outlook on Bridge Investment Group, reducing its 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, suggesting that the market estimates for the company's 2025 earnings may be approximately 20% higher than what could be realistically expected.
The downward revision of the price target is based on a reassessment of the company's potential for exits and monetizations. Furthermore, the firm no longer views Bridge Investment Group as a probable candidate for sale, indicating a shift in the perceived strategic direction.
These are some recent developments that investors should take into account. The revised estimates and price target reflect a conservative outlook for Bridge Investment Group's financial trajectory in the upcoming years.
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