Lafayette Acquisition (NASDAQ:LAFA) Issues Earnings Results

Lafayette Acquisition (NASDAQ:LAFA) posted its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Lafayette Acquisition Price Performance

LAFA stock remained flat at $10.13 on Friday. The company had a trading volume of 308 shares, compared to its average volume of 4,608. Lafayette Acquisition has a 1-year low of $9.87 and a 1-year high of $10.20. The business’s 50 day simple moving average is $10.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LAFA. Schonfeld Strategic Advisors LLC acquired a new position in shares of Lafayette Acquisition during the fourth quarter valued at $248,000. Moore Capital Management LP acquired a new stake in Lafayette Acquisition in the fourth quarter worth about $990,000. Clear Street Group Inc. acquired a new position in Lafayette Acquisition during the 4th quarter valued at about $1,273,000. Berkley W R Corp bought a new stake in shares of Lafayette Acquisition during the 4th quarter worth about $1,473,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of Lafayette Acquisition in the 4th quarter worth approximately $1,980,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Lafayette Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Lafayette Acquisition

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank?check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.

The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.