Bridgepoint Group PLC (LSE:BPT)’s stock price dipped 10% on Wednesday following the private investment company’s latest trading statement.
Even though full-year guidance remains unchanged for the FTSE 250 firm, the market appears unimpressed with budgeted realisations and the amount of planned portfolio exits.
“Capital raising for Bridgepoint's equity and credit businesses continues to make progress, reflecting the attractions of the well-balanced portfolios Bridgepoint constructs which have a good track record of delivering attractive returns from growth investment niches through cycles,” read the trading statement.
Shares rebounded slightly throughout the intraday trade.