Fifth Lane Capital LP Purchases Shares of 89,427 Texas Ventures Acquisition III Corp $TVA

Fifth Lane Capital LP purchased a new stake in shares of Texas Ventures Acquisition III Corp (NASDAQ:TVA) during the fourth quarter, Holdings Channel.com reports. The firm purchased 89,427 shares of the company’s stock, valued at approximately $952,000. Texas Ventures Acquisition III comprises about 0.7% of Fifth Lane Capital LP’s holdings, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of TVA. Harraden Circle Investments LLC grew its position in Texas Ventures Acquisition III by 172.3% during the fourth quarter. Harraden Circle Investments LLC now owns 1,066,667 shares of the company’s stock valued at $11,360,000 after acquiring an additional 675,000 shares during the last quarter. Mercuria Capital Strategies LLC bought a new position in Texas Ventures Acquisition III during the fourth quarter valued at approximately $5,325,000. DLD Asset Management LP grew its position in Texas Ventures Acquisition III by 42.9% during the fourth quarter. DLD Asset Management LP now owns 95,267 shares of the company’s stock valued at $1,015,000 after acquiring an additional 28,600 shares during the last quarter. Marex Group plc bought a new position in Texas Ventures Acquisition III during the fourth quarter valued at approximately $133,000. Finally, Quarry LP bought a new position in Texas Ventures Acquisition III during the fourth quarter valued at approximately $129,000.

Texas Ventures Acquisition III Stock Performance

Shares of Texas Ventures Acquisition III stock opened at $10.44 on Friday. Texas Ventures Acquisition III Corp has a 52-week low of $10.06 and a 52-week high of $12.27. The company’s 50 day moving average price is $10.47 and its 200-day moving average price is $10.54.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen cut shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research report 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 research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently 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.