Governors Lane LP Purchases 48,258 Shares of Texas Ventures Acquisition III Corp $TVA

Governors Lane LP increased its position in shares of Texas Ventures Acquisition III Corp (NASDAQ:TVA) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 468,058 shares of the company’s stock after acquiring an additional 48,258 shares during the quarter. Governors Lane LP owned about 1.75% of Texas Ventures Acquisition III worth $4,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada bought a new position in Texas Ventures Acquisition III during the 4th quarter worth approximately $35,000. Quarry LP bought a new position in Texas Ventures Acquisition III during the 4th quarter worth approximately $129,000. Marex Group plc bought a new position in Texas Ventures Acquisition III during the 4th quarter worth approximately $133,000. DLD Asset Management LP boosted its stake in Texas Ventures Acquisition III by 42.9% during the 4th quarter. DLD Asset Management LP now owns 95,267 shares of the company’s stock worth $1,015,000 after acquiring an additional 28,600 shares during the last quarter. Finally, Fifth Lane Capital LP bought a new position in Texas Ventures Acquisition III during the 4th quarter worth approximately $952,000.

Texas Ventures Acquisition III Stock Performance

Shares of TVA stock opened at $10.51 on Thursday. The company’s 50 day moving average price is $10.48 and its two-hundred day moving average price is $10.54. Texas Ventures Acquisition III Corp has a 52 week low of $10.06 and a 52 week high of $12.27.

Texas Ventures Acquisition III (NASDAQ:TVA) last announced its earnings results on Wednesday, April 15th. The company reported $0.17 EPS for the quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on TVA shares. Wall Street Zen lowered shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded shares of Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Texas Ventures Acquisition III currently has an average rating of “Sell”.

About Texas Ventures Acquisition III

Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank?check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.