BofA: Investors pour into bonds, pull back from crypto
Jonathan Slager, Chief Executive Officer of Bridge Investment Group Holdings Inc (NYSE:BRDG), sold a total of 27,327 shares of Class A Common Stock between July 21 and July 23. The sales were executed in multiple transactions with prices ranging from $10.46 to $10.65, netting Slager approximately $288,896. The stock, which currently trades at $10.73, has shown strong momentum with a 36% gain over the past six months. According to InvestingPro analysis, BRDG currently trades near its Fair Value.
On July 21, Slager sold 8,855 shares at an average price of $10.60. The following day, July 22, he sold 8,910 shares at an average price of $10.46. The final sale occurred on July 23, with 9,562 shares sold at an average price of $10.65. While the company isn’t currently profitable, InvestingPro data indicates analysts expect profitability to return this year, with the company offering an attractive 4.1% dividend yield.
Following these transactions, Slager directly owns 912,067 shares of Class A Common Stock. He also indirectly owns 2,374,838 shares of Class B Common Stock through the SF Intentional Irrevocable Trust Dated December 30, 2019, 2,256,198 shares through J.P. Slager, LLC, and 320,490 shares through Slager Family Limited Partnership.
Slager also indirectly holds Class A Units, which can be redeemed for Class A Common Stock on a 1-to-1 basis, through the same entities: 2,374,838 units through the SF Intentional Irrevocable Trust, 3,468,512 units through J.P. Slager, LLC, and 320,490 units through Slager Family Limited Partnership.
In other recent news, Bridge Investment Group Holdings Inc. announced a definitive merger agreement with Apollo Global Management (NYSE:APO) Inc., a significant development for the company. This merger will result in Bridge becoming a wholly-owned subsidiary of Apollo, pending customary closing conditions and stockholder approval. The vote on this agreement is scheduled for June 17, 2025. Additionally, Bridge Investment Group’s subsidiary, Bridge Logistics Properties, acquired an industrial portfolio for $83.5 million in Fontana, California. This portfolio consists of three newly constructed distribution facilities with advanced features such as 32-foot clear heights and secured concrete truck courts. These recent developments highlight strategic moves by Bridge Investment Group in expanding its assets and aligning with major industry players.
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