Bridge Investment (BRDG)

Bridge Investment Group Holdings LLC • Bridge Fund Management Holdings LLC • Bridge Debt Capital Markets LLC • Bridge Investment Group Guarantor LLC • Bridge Investment Group • Bridge Debt Strategies Fund Manager LLC • Bridge Debt Strategies Fund II GP LLC • Bridge Debt Strategies Fund III GP LLC • Bridge Debt Strategies Fund IV GP LLC • Bridge Debt Strategies Fund V GP LLC ...

SEC advisor number

801-72790

FINRA CRD number

159127

AUM ?

$47.00 bn (as of 28 Mar 24)

Accounts

132 (as of 28 Mar 24)

Employees

2,300 (310 investment advisory or research)

Address

Bridge Investment
111 EAST SEGO LILY DRIVE
SUITE 400
SALT LAKE CITY
UT 84070

Phone

(801) 506-1463

Brochures

Bridge Investment Group - Form Adv 2A Brochure 3.31.2023 (31 Mar 23)

BRDG stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$10.00

Low target

$10.00

High target

$10.00

Latest filings (excl ownership)

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7 Nov 24

Results of Operations and Financial Condition

7 Aug 24

Results of Operations and Financial Condition

9 May 24

Results of Operations and Financial Condition

8 May 24

ARS

2023 FY

Annual report to shareholders

21 Mar 24

DEFA14A

Additional proxy soliciting materials

21 Mar 24

Registration of securities for employees

7 Mar 24

Transcripts

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BRDG

Earnings call transcript

2024 Q3

7 Nov 24

BRDG

Earnings call transcript

2024 Q2

7 Aug 24

BRDG

Earnings call transcript

2024 Q1

9 May 24

BRDG

Earnings call transcript

2023 Q4

22 Feb 24

BRDG

Earnings call transcript

2023 Q3

8 Nov 23

BRDG

Earnings call transcript

2023 Q2

8 Aug 23

BRDG

Earnings call transcript

2023 Q2

8 Aug 23

BRDG

Earnings call transcript

2023 Q1

9 May 23

BRDG

Earnings call transcript

2022 Q4

14 Feb 23

BRDG

Earnings call transcript

2022 Q3

13 Nov 22

Latest ownership filings

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Robert Randolph Morse

Robert Randolph Morse

3 Jan 25

Garrett Behling

3 Jan 25

Financial summary

Financial statements Chart BRDG financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	74.20 mm	74.20 mm	74.20 mm	74.20 mm	74.20 mm	74.20 mm
Cash burn (monthly)	3.57 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	14.37 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	59.83 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	16.8	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

BRDG institutional ownership history Ownership history

20.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	71	71	–
Opened positions	19	10	+90.0%
Closed positions	19	15	+26.7%
Increased positions	20	28	-28.6%
Reduced positions	23	24	-4.2%

13F shares	Current	Prev Q	Change
Total value	179.94 bn	134.60 bn	+33.7%
Total shares	52.00 mm	52.06 mm	-0.1%
Total puts	97.00 k	214.80 k	-54.8%
Total calls	74.70 k	27.10 k	+175.6%
Total put/call ratio	1.3	7.9	-83.6%

Largest owners	Shares	Value	Change
Morse Robert Randolph	32.31 mm	$806.89 mm	0.0%
Jennison Associates	3.37 mm	$33.27 bn	+2.3%
Vanguard	3.27 mm	$32.31 bn	-14.8%
FMR	1.51 mm	$14.90 bn	+288.0%
Voss Capital	1.49 mm	$14.71 bn	-14.9%
BEN Franklin Resources	1.29 mm	$13.38 bn	+1.1%
MS Morgan Stanley	1.04 mm	$10.28 bn	-0.1%
Lord, Abbett & Co.	822.88 k	$8.12 mm	-3.9%
Integrated Core Strategies	783.44 k	$12.38 mm	0.0%
Royce & Associates	773.23 k	$7.63 bn	+1.2%

Largest transactions	Shares	Bought/sold	Change
FMR	1.51 mm	+1.12 mm	+288.0%
BLK BlackRock	0.00	-576.90 k	EXIT
Vanguard	3.27 mm	-567.88 k	-14.8%
BlackRock	562.03 k	+562.03 k	NEW
Philadelphia Financial Management of San Francisco	416.79 k	-502.55 k	-54.7%
DBRG DigitalBridge	408.52 k	+408.52 k	NEW
Millennium Management	307.51 k	-262.73 k	-46.1%
Voss Capital	1.49 mm	-260.04 k	-14.9%
1832 Asset Management	0.00	-171.62 k	EXIT
First Trust Advisors	0.00	-104.09 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BRDG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 Jan 25	Jonathan Slager	Class A Common Stock	Sell	Dispose S	No	No	8.31	11,883	98.75 k	939,394
6 Jan 25	Adam O'Farrell	Class A Common Stock	Sell	Dispose S	No	No	8.31	6,935	57.63 k	538,038
6 Jan 25	Morse Robert Randolph	Class A Common Stock	Sell	Dispose S	No	No	8.31	47,252	392.66 k	3,157,271
6 Jan 25	Katherine Elsnab	Class A Common Stock	Sell	Dispose S	No	No	8.31	3,206	26.64 k	297,707
6 Jan 25	Garrett Behling	Class A Common Stock	Sell	Dispose S	No	No	8.31	762	6.33 k	45,553
3 Jan 25	Jonathan Slager	Class A Common Stock	Sell	Dispose S	No	No	8.07	11,204	90.42 k	951,277
3 Jan 25	Adam O'Farrell	Class A Common Stock	Sell	Dispose S	No	No	8.07	6,539	52.77 k	544,973
3 Jan 25	Morse Robert Randolph	Class A Common Stock	Sell	Dispose S	No	No	8.07	44,553	359.54 k	3,204,523
3 Jan 25	Katherine Elsnab	Class A Common Stock	Sell	Dispose S	No	No	8.07	3,024	24.40 k	300,913
3 Jan 25	Garrett Behling	Class A Common Stock	Sell	Dispose S	No	No	8.07	718	5.79 k	46,315