Microvast Holdings announces departure of chief financial officer
Katherine Elsnab, Chief Financial Officer of Bridge Investment Group Holdings Inc (NYSE:BRDG), sold a total of 1,131 shares of Class A Common Stock between July 21 and July 23, 2025. The sales, conducted in three separate transactions, amounted to $11,956. The transactions come as BRDG, currently valued at $1.4 billion, has shown strong momentum with a 36% price return over the past six months. According to InvestingPro analysis, the stock is trading near its Fair Value.
On July 21, Elsnab sold 366 shares at a weighted average price of $10.60, with prices ranging from $10.46 to $10.69. The following day, July 22, she sold 369 shares at an average price of $10.46, with prices ranging from $10.33 to $10.56. The final sale occurred on July 23, with 396 shares sold at an average price of $10.65, with prices ranging from $10.55 to $10.71. Want deeper insights into insider trading patterns and their significance? InvestingPro offers comprehensive insider transaction analysis along with 8 key investment tips for BRDG.
Following these transactions, Elsnab directly owns 356,576 shares of Class A Common Stock and 56,604 shares of Class B Common Stock. She also directly owns 56,604 Class A Units in Bridge Investment Group Holdings LLC, which are redeemable for Class A Common Stock on a 1-to-1 basis. The company maintains a "FAIR" financial health score of 2.36 out of 5, with particularly strong cash flow metrics.
In other recent news, Bridge Investment Group Holdings Inc. disclosed a definitive merger agreement with Apollo Global Management (NYSE:APO) Inc. This agreement will result in Bridge becoming a wholly-owned subsidiary of Apollo, pending customary closing conditions and approval from Bridge stockholders. A special meeting is scheduled for June 17, 2025, for the stockholder vote, following the filing of an effective registration statement with the SEC. Additionally, Bridge Logistics Properties, a unit of Bridge Investment Group, has acquired a three-building industrial portfolio in Fontana, California, for $83.5 million. The portfolio comprises 332,793 square feet of Class A industrial space, featuring modern facilities and infrastructure. These developments highlight significant strategic moves by Bridge Investment Group in expanding its industrial assets and aligning with a major global investment manager.
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