Radcliffe Capital Management L.P. Acquires New Stake in GigInternational1, Inc. $GIW

Radcliffe Capital Management L.P. acquired a new position in shares of GigInternational1, Inc. (NASDAQ:GIW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 650,000 shares of the company’s stock, valued at approximately $6,432,000. Radcliffe Capital Management L.P. owned approximately 2.40% of GigInternational1 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of GigInternational1 during the 4th quarter worth about $47,000. Geode Capital Management LLC acquired a new position in shares of GigInternational1 in the fourth quarter valued at approximately $193,000. ABC Arbitrage SA purchased a new position in shares of GigInternational1 during the fourth quarter valued at approximately $396,000. Gritstone Asset Management LLC purchased a new position in shares of GigInternational1 during the fourth quarter valued at approximately $494,000. Finally, Verition Fund Management LLC acquired a new stake in GigInternational1 during the fourth quarter worth approximately $865,000. Institutional investors and hedge funds own 14.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

GigInternational1 Price Performance

Shares of NASDAQ:GIW opened at $10.07 on Wednesday. The stock’s 50-day moving average price is $10.03 and its two-hundred day moving average price is $9.98. GigInternational1, Inc. has a 12-month low of $9.87 and a 12-month high of $10.09.

GigInternational1 Company Profile

GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.