Jeffrey Kelter Buys 200,000 Shares of Bridger Aerospace Group (NASDAQ:BAER) Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Director Jeffrey Kelter acquired 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were bought at an average cost of $1.80 per share, for a total transaction of $360,000.00. Following the acquisition, the director owned 627,800 shares of the company’s stock, valued at $1,130,040. This represents a 46.75% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bridger Aerospace Group Price Performance

Shares of BAER stock traded down $0.04 during midday trading on Thursday, reaching $1.80. 157,077 shares of the company traded hands, compared to its average volume of 662,997. The firm’s 50 day simple moving average is $1.75 and its two-hundred day simple moving average is $1.80. The firm has a market cap of $99.97 million, a PE ratio of -3.46 and a beta of 0.15. Bridger Aerospace Group Holdings, Inc. has a 1-year low of $1.02 and a 1-year high of $4.44.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $67.89 million for the quarter, compared to analysts’ expectations of $48.40 million. Bridger Aerospace Group had a negative return on equity of 1.91% and a net margin of 4.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Bridger Aerospace Group from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Canaccord Genuity Group reissued a “buy” rating and set a $5.25 price objective on shares of Bridger Aerospace Group in a research note on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bridger Aerospace Group in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.25.

Hedge Funds Weigh In On Bridger Aerospace Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Apollon Wealth Management LLC boosted its holdings in shares of Bridger Aerospace Group by 34.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 39,000 shares of the company’s stock valued at $72,000 after purchasing an additional 10,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Bridger Aerospace Group by 61.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,001 shares of the company’s stock worth $37,000 after purchasing an additional 12,500 shares during the period. XTX Topco Ltd acquired a new stake in Bridger Aerospace Group during the 2nd quarter worth approximately $26,000. Centiva Capital LP purchased a new position in Bridger Aerospace Group in the third quarter valued at approximately $53,000. Finally, HighMark Wealth Management LLC lifted its holdings in shares of Bridger Aerospace Group by 37.4% during the 2nd quarter. HighMark Wealth Management LLC now owns 110,162 shares of the company’s stock valued at $213,000 after acquiring an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 48.94% of the company’s stock.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.