Microvast Holdings announces departure of chief financial officer
Dean Allara, Vice Chairman at Bridge Investment Group Holdings Inc (NYSE:BRDG), sold a total of 19,273 shares of Class A Common Stock over three days, according to a Form 4 filing with the Securities and Exchange Commission. The sales amounted to $203,751. The stock, which currently yields a 4.1% dividend, has shown strong momentum with a 29% gain year-to-date. According to InvestingPro analysis, BRDG is currently trading near its Fair Value.
The transactions, which occurred between July 21 and July 23, 2025, involved sales at varying prices. On July 21, Allara sold 6,245 shares at an average price of $10.60, with prices ranging from $10.46 to $10.69. On July 22, 6,285 shares were sold at an average price of $10.46, with prices ranging from $10.33 to $10.56. The final sale occurred on July 23, with 6,743 shares sold at an average price of $10.65, with prices ranging from $10.55 to $10.71. InvestingPro data shows the company has demonstrated strong returns over the last six months, with additional insights available in the Pro Research Report.
Following these transactions, Allara directly owns 643,200 shares of Class A Common Stock. Allara also has indirect ownership of Class B Common Stock through The Dean Allara Family Legacy Trust, The Stacey Allara Family Legacy Trust, and Rockridge Investments, LLC. Bridge Investment Group, with a market capitalization of $1.42 billion, continues to maintain its position as a significant player in the investment management sector.
In other recent news, Bridge Investment Group Holdings Inc. has reported significant developments that are likely to interest investors. The company, through its subsidiary Bridge Logistics Properties, acquired a three-building industrial portfolio in Fontana, California, for $83.5 million. This portfolio includes 332,793 square feet of Class A industrial space featuring modern amenities such as secured concrete truck courts and LED lighting. Additionally, Bridge Investment Group announced a definitive merger agreement with Apollo Global Management (NYSE:APO) Inc. The merger will result in Bridge becoming a wholly-owned subsidiary of Apollo, pending customary closing conditions and stockholder approval. The vote on this merger is scheduled for a special meeting on June 17, 2025. This merger follows the filing of an effective registration statement with the SEC and the commencement of mailing the proxy statement to stockholders. These recent developments indicate strategic moves by Bridge Investment Group in both asset acquisition and corporate restructuring.
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