24/7 Market News Snapshot 24 February, 2025 – Bridge Investment Group Holdings Inc. (NYSE:BRDG)

February 24, 2025

DENVER, Colo., 24 February, 2025 (247marketnews.com) – (NYSE:BRDG) are discussed in this article.
Bridge Investment Group Holdings Inc. (NYSE:BRDG) has captured significant investor attention amid a remarkable surge in its stock price, which opened at $10.555 and has risen to $10.587, reflecting a notable increase of approximately 33.67% following a prior close of $7.920. The trading volume reached 842.24K, indicating a robust market enthusiasm that analysts are keenly observing for its potential bullish trend.

In parallel, Bridge Investment Group has released its financial results for the fourth quarter and the entire year ending December 31, 2024. The company reported a net income of $15.4 million for the fourth quarter and an annual total of $16.7 million, corresponding to a loss per share of $(0.15) for the quarter but a gain of $0.13 for the year. Highlighting strong operational performance, fee-related earnings amounted to $34.4 million for the fourth quarter and $136.6 million for the year. Moreover, the firm reported distributable earnings of $32.6 million, or $0.18 per share after-tax, for the fourth quarter, and $128.4 million, or $0.69 per share after-tax, for the full year.

As part of its commitment to shareholder returns, Bridge has declared a quarterly dividend of $0.11 per share of Class A common stock, scheduled to be paid on March 28, 2025, to stockholders of record on March 14, 2025. With around $50 billion in assets under management, Bridge continues to position itself as a leading alternative investment manager, specializing in various asset classes, including real estate, credit, renewable energy, and secondaries strategies.

This dual momentum in stock performance and financial results signifies Bridge Investment Group’s strategic focus on growth and value creation for its shareholders, reinforcing its roadmap for future success.

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