William Blair assumed coverage on shares of Thunder Bridge Acquisition (OTCMKTS:TBRGU) in a research note published on Friday, June 21st, BenzingaRatingsTable reports. The firm issued an outperform rating on the stock.
Shares of TBRGU traded up $2.77 during midday trading on Friday, hitting $16.93. The company had a trading volume of 7,608 shares, compared to its average volume of 25,102. The company has a 50-day moving average price of $12.46. Thunder Bridge Acquisition has a 1 year low of $9.97 and a 1 year high of $20.00.
An institutional investor recently raised its position in Thunder Bridge Acquisition stock. Longfellow Investment Management Co. LLC increased its holdings in shares of Thunder Bridge Acquisition (OTCMKTS:TBRGU) by 4,046.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,851 shares of the company’s stock after purchasing an additional 4,734 shares during the quarter. Longfellow Investment Management Co. LLC’s holdings in Thunder Bridge Acquisition were worth $49,000 at the end of the most recent quarter.
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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