Following these transactions, Dean retains direct ownership of 662,473 shares of Class A Common Stock. Additionally, Dean holds indirect ownership in various trusts and investment entities, including the Dean Allara Family Legacy Trust and Rockridge Investments, LLC, with significant holdings in Class B Common Stock and Class A Units. The company has demonstrated strong performance with 63.7% revenue growth over the last twelve months, despite InvestingPro data showing volatile stock price movements recently. The company has demonstrated strong performance with 63.7% revenue growth over the last twelve months, despite InvestingPro data showing volatile stock price movements recently.
Following these transactions, Dean retains direct ownership of 662,473 shares of Class A Common Stock. Additionally, Dean holds indirect ownership in various trusts and investment entities, including the Dean Allara Family Legacy Trust and Rockridge Investments, LLC, with significant holdings in Class B Common Stock and Class A Units.
In other recent news, Bridge Investment Group has been in the spotlight following a series of noteworthy developments. TD Cowen adjusted its outlook on the company, reducing the price target from $10.50 to $10.00, while maintaining a Hold rating. This adjustment comes amid projections of a more cautious view of the company's future financial performance, with the firm's 2025 earnings estimates being approximately 20% lower than market expectations. The revised price target reflects a reassessment of the company's potential for exits and monetizations, as well as the company's perceived strategic direction.
Simultaneously, Bridge Investment Group reported solid third-quarter financial results for 2024, with a GAAP net income of $10.6 million and diluted net income per share of $0.04. Distributable earnings stood at $28.2 million, or $0.15 per share after tax, and a dividend of $0.10 per share was declared. These recent developments indicate a conservative financial trajectory for Bridge Investment Group in the coming years, as suggested by TD Cowen's revised estimates and price target.
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