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

Separately, Northland Securities initiated coverage on THUNDER BRDG AC/SH SH in a report on Thursday. They set an outperform rating on the stock.

THUNDER BRDG AC/SH SH stock opened at $10.50 on Friday. The company has a market capitalization of $270.90 million and a P/E ratio of -75.00. THUNDER BRDG AC/SH SH has a 1-year low of $9.60 and a 1-year high of $10.60.

THUNDER BRDG AC/SH SH (NASDAQ:TBRG) last released its earnings results on Wednesday, May 15th. The company reported ($0.12) EPS for the quarter. As a group, research analysts anticipate that THUNDER BRDG AC/SH SH will post 0.37 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of TBRG. Bank of Montreal Can boosted its stake in shares of THUNDER BRDG AC/SH SH by 81.4% during 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. Periscope Capital Inc. increased its holdings in shares of 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 valued at $12,548,000 after acquiring an additional 746,700 shares in the last quarter. Yakira Capital Management Inc. increased its holdings in shares of 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 valued at $5,610,000 after acquiring an additional 400,000 shares in the last quarter. FSI Group LLC purchased a new stake in THUNDER BRDG AC/SH SH in the first quarter valued at approximately $1,005,000. Finally, Weiss Asset Management LP boosted its position in THUNDER BRDG AC/SH SH by 53.7% in the first quarter. Weiss Asset Management LP now owns 1,349,000 shares of the company’s stock valued at $13,760,000 after buying an additional 471,226 shares during the last quarter. 79.02% of the stock is owned by hedge funds and other institutional investors.

About THUNDER BRDG AC/SH SH

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.

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