THUNDER BRDG AC/SH SH (NASDAQ:TBRG) Now Covered by William Blair

William Blair initiated coverage on shares of THUNDER BRDG AC/SH SH (NASDAQ:TBRG) in a report released on Friday morning, Briefing.com Automated Import reports. The firm issued an outperform rating on the stock.

Separately, Northland Securities initiated coverage on THUNDER BRDG AC/SH SH in a research note on Thursday. They issued an outperform rating for the company.

Shares of NASDAQ:TBRG opened at $10.50 on Friday. THUNDER BRDG AC/SH SH has a twelve month low of $9.60 and a twelve month high of $10.60. The company has a market capitalization of $270.90 million and a P/E ratio of -75.00.

THUNDER BRDG AC/SH SH (NASDAQ:TBRG) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.12) EPS for the quarter. Analysts expect that THUNDER BRDG AC/SH SH will post 0.37 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. FSI Group LLC purchased a new position in shares of THUNDER BRDG AC/SH SH in the 1st quarter valued at about $1,005,000. Yakira Capital Management Inc. increased its position in THUNDER BRDG AC/SH SH by 266.7% during the first quarter. Yakira Capital Management Inc. now owns 550,000 shares of the company’s stock worth $5,610,000 after buying an additional 400,000 shares during the period. Weiss Asset Management LP increased its position in THUNDER BRDG AC/SH SH by 53.7% during the first quarter. Weiss Asset Management LP now owns 1,349,000 shares of the company’s stock worth $13,760,000 after buying an additional 471,226 shares during the period. Periscope Capital Inc. increased its position in THUNDER BRDG AC/SH SH by 154.5% during the first quarter. Periscope Capital Inc. now owns 1,230,100 shares of the company’s stock worth $12,548,000 after buying an additional 746,700 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of THUNDER BRDG AC/SH SH by 81.4% in the first quarter. Bank of Montreal Can now owns 1,824,774 shares of the company’s stock valued at $18,613,000 after purchasing an additional 818,774 shares during the period. Institutional investors own 79.02% of the company’s stock.

THUNDER BRDG AC/SH SH Company Profile

Thunder Bridge Acquisition, Ltd. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or business combination. The company was founded in 2017 and is based in Great Falls, Virginia.

Further Reading: What are different types of coverage ratios?

Receive News & Ratings for THUNDER BRDG AC/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THUNDER BRDG AC/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.