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

$11.25

Low target

$11.00

High target

$11.50

Latest filings (excl ownership)

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7 Nov 24

Results of Operations and Financial Condition

9 May 24

Annual report to shareholders

21 Mar 24

DEFA14A

Additional proxy soliciting materials

21 Mar 24

Registration of securities for employees

7 Mar 24

Results of Operations and Financial Condition

8 Nov 23

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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SC 13G/A

Burgundy Asset Management Ltd.

12 Nov 24

SC 13G/A

MILLENNIUM MANAGEMENT LLC

Robert Randolph Morse

Notice of proposed sale of securities

22 Jul 24

Financial summary

Financial statements Chart BRDG financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 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)	(no burn)	479.08 k	(no burn)	4.43 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	1.34 mm	n/a	12.40 mm	n/a	n/a
Cash remaining	n/a	72.86 mm	n/a	61.79 mm	n/a	n/a
Runway (months of cash)	n/a	152.1	n/a	13.9	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

BRDG institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	72	66	+9.1%
Opened positions	16	62	-74.2%
Closed positions	10	1	+900.0%
Increased positions	25	0	NEW
Reduced positions	22	2	+1000.0%

13F shares	Current	Prev Q	Change
Total value	134.76 bn	112.79 bn	+19.5%
Total shares	52.08 mm	50.60 mm	+2.9%
Total puts	214.80 k	120.60 k	+78.1%
Total calls	27.10 k	0.00	NEW
Total put/call ratio	7.9	Infinity	NaN%

Largest owners	Shares	Value	Change
Morse Robert Randolph	32.31 mm	$806.89 mm	0.0%
Vanguard	3.84 mm	$28.50 bn	+49.2%
Jennison Associates	3.30 mm	$24.46 bn	+1.1%
Voss Capital	1.75 mm	$12.99 bn	+33.8%
BEN Franklin Resources	1.27 mm	$9.44 bn	-13.7%
MS Morgan Stanley	1.04 mm	$7.74 bn	+0.1%
Philadelphia Financial Management of San Francisco	919.34 k	$6.82 bn	-34.2%
Lord, Abbett & Co.	855.93 k	$6.35 mm	-0.6%
Integrated Core Strategies	783.44 k	$12.38 mm	0.0%
Royce & Associates	764.32 k	$5.67 bn	+103.8%

Largest transactions	Shares	Bought/sold	Change
Vanguard	3.84 mm	+1.27 mm	+49.2%
Thornburg Investment Management	29.09 k	-754.26 k	-96.3%
Millennium Management	570.24 k	+570.24 k	NEW
Philadelphia Financial Management of San Francisco	919.34 k	-478.77 k	-34.2%
Voss Capital	1.75 mm	+442.19 k	+33.8%
Royce & Associates	764.32 k	+389.32 k	+103.8%
FMR	389.14 k	+385.18 k	+9716.9%
Balyasny Asset Management	249.39 k	-292.30 k	-54.0%
BEN Franklin Resources	1.27 mm	-201.94 k	-13.7%
Citadel Advisors	175.34 k	+175.34 k	NEW

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
24 Jul 24	Dean Allara	Class A Common Stock	Sell	Dispose S	No	No	8.03	5,764	46.28 k	544,044
24 Jul 24	Jonathan Slager	Class A Common Stock	Sell	Dispose S	No	No	8.03	6,409	51.46 k	773,884
24 Jul 24	Adam O'Farrell	Class A Common Stock	Sell	Dispose S	No	No	8.03	3,770	30.27 k	448,167
24 Jul 24	Morse Robert Randolph	Class A Common Stock	Sell	Dispose S	No	No	8.03	25,971	208.55 k	2,554,419
24 Jul 24	Katherine Elsnab	Class A Common Stock	Sell	Dispose S	No	No	8.03	391	3.14 k	212,015
23 Jul 24	Dean Allara	Class A Common Stock	Sell	Dispose S	No	No	8.19	5,468	44.78 k	549,808
23 Jul 24	Jonathan Slager	Class A Common Stock	Sell	Dispose S	No	No	8.19	6,080	49.80 k	780,293
23 Jul 24	Adam O'Farrell	Class A Common Stock	Sell	Dispose S	No	No	8.19	3,577	29.30 k	451,937
23 Jul 24	Morse Robert Randolph	Class A Common Stock	Sell	Dispose S	No	No	8.19	24,643	201.83 k	2,580,390
23 Jul 24	Katherine Elsnab	Class A Common Stock	Sell	Dispose S	No	No	8.19	370	3.03 k	212,406