Following these transactions, Morse retains direct ownership of 3,157,271 shares of Class A Common Stock. In addition, it has indirect ownership of Class B common stock through family foundations and FLM Holdings, LLC, as well as Class A units, which are redeemable for Class A common stock on a one-for-one basis. These sales are part of Morse’s continued management of his investment portfolio at Bridge Investment Group, a firm specializing in investment advisory and asset management. Morse’s role as both director and officer, along with his substantial ownership, underscores his influential position in the company. With revenues of USD 405 million in the last twelve months and an overall financial health score rated as “EXCELLENT” by InvestingProinvestors can access extensive analysis and additional insights through the platform’s detailed Pro Research Report, available for BRDG and more than 1,400 other US stocks. With revenues of USD 405 million in the last twelve months and an overall financial health score rated as “EXCELLENT” by InvestingProinvestors can access extensive analysis and additional insights through the platform’s detailed Pro Research Report, available for BRDG and more than 1,400 other US stocks.
Following these transactions, Morse retains direct ownership of 3,157,271 shares of Class A Common Stock. In addition, it has indirect ownership of Class B common stock through family trusts and FLM Holdings, LLC, as well as Class A units, which are redeemable for Class A common stock on a one-for-one basis.
These sales are part of Morse’s ongoing management of his investment portfolio at Bridge Investment Group, a firm specializing in investment advisory and asset management. Morse’s role as both director and officer, along with his substantial ownership, underscores his influential position in the company.
In other recent news, Bridge Investment Group was under the lens of TD Cowen, who recently revised their price target for the company 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 and is more in line with the company’s closing price, indicating reduced expectations for stock growth. TD Cowen’s analysis also suggests that Bridge Investment Group is no longer considered a likely candidate for sale, indicating a change in the company’s perceived strategic direction.
In the latest development, Bridge Investment Group reported solid financial results for the third quarter of 2024. The company posted GAAP net income of $10.6 million and distributed earnings of $28.2 million, reflecting the company’s financial health . A dividend of $0.10 per share was declared, underscoring the company’s commitment to shareholder returns.
Furthermore, Bridge Investment Group deployed $1.3 billion in investments across sectors and raised $607 million in the third quarter, indicating strong investor activity and interest. The firm’s AUM from fees increased 1.3% to $82.5 million and net accrued performance income was $339.5 million. Analysts predict increased market activity and investor interest in 2025, along with significant profit distributions expected from key funds in late 2025 to 2026.
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