William Blair initiated coverage on shares of Thunder Bridge Acquisition (OTCMKTS:TBRGU) in a report released on Friday, BenzingaRatingsTable reports. The firm issued an outperform rating on the stock.

TBRGU stock opened at $12.58 on Friday. Thunder Bridge Acquisition has a 12 month low of $9.97 and a 12 month high of $12.75. The company has a 50-day simple moving average of $12.10.

An institutional investor recently raised its position in Thunder Bridge Acquisition stock. Longfellow Investment Management Co. LLC lifted its position in shares of Thunder Bridge Acquisition (OTCMKTS:TBRGU) by 4,046.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,851 shares of the company’s stock after buying an additional 4,734 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Thunder Bridge Acquisition were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Thunder Bridge Acquisition 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.

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