Rhumbline Advisers Takes Position in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

Rhumbline Advisers acquired a new position in shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,586 shares of the company’s stock, valued at approximately $36,000.

Separately, Bank of New York Mellon Corp acquired a new position in Bridger Aerospace Group in the second quarter worth approximately $50,000. 48.94% of the stock is owned by hedge funds and other institutional investors.

Bridger Aerospace Group Stock Performance

Shares of NASDAQ:BAER opened at $2.23 on Wednesday. The company’s fifty day moving average is $2.82 and its 200-day moving average is $3.74. Bridger Aerospace Group Holdings, Inc. has a 52 week low of $1.71 and a 52 week high of $8.78. The company has a market capitalization of $104.84 million, a PE ratio of -1.27 and a beta of -0.16.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.08). The company had revenue of $13.01 million during the quarter.

Insider Buying and Selling

In other Bridger Aerospace Group news, EVP James J. Muchmore sold 18,902 shares of Bridger Aerospace Group stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total transaction of $51,035.40. Following the transaction, the executive vice president now directly owns 820,417 shares in the company, valued at $2,215,125.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP James J. Muchmore sold 18,902 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $2.70, for a total transaction of $51,035.40. Following the sale, the executive vice president now directly owns 820,417 shares in the company, valued at $2,215,125.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Samuel Carl Davis sold 19,323 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.56, for a total value of $49,466.88. Following the transaction, the chief executive officer now directly owns 474,352 shares of the company’s stock, valued at $1,214,341.12. The disclosure for this sale can be found here. Insiders have sold 96,614 shares of company stock valued at $252,811 in the last 90 days. 70.70% of the stock is owned by insiders.

Analyst Ratings Changes

BAER has been the topic of a number of analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $5.25 price objective on shares of Bridger Aerospace Group in a report on Tuesday, August 13th. Canaccord Genuity Group initiated coverage on shares of Bridger Aerospace Group in a research report on Monday, June 24th. They issued a “buy” rating and a $5.50 price target on the stock.

About Bridger Aerospace Group

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.