Radcliffe Capital Management L.P. Invests $1.59 Million in StoneBridge Acquisition Co. $APAC

Radcliffe Capital Management L.P. acquired a new stake in StoneBridge Acquisition Co. (NASDAQ:APAC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 160,000 shares of the company’s stock, valued at approximately $1,592,000. Radcliffe Capital Management L.P. owned 1.99% of StoneBridge Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in APAC. Verition Fund Management LLC purchased a new stake in StoneBridge Acquisition during the 4th quarter worth approximately $1,990,000. Clear Street Group Inc. purchased a new position in StoneBridge Acquisition in the 4th quarter valued at approximately $3,216,000. Westchester Capital Management LLC purchased a new position in StoneBridge Acquisition in the 4th quarter valued at approximately $796,000. Berkley W R Corp acquired a new position in shares of StoneBridge Acquisition in the fourth quarter worth $1,128,000. Finally, Glazer Capital LLC acquired a new position in shares of StoneBridge Acquisition in the fourth quarter worth $4,051,000. Institutional investors and hedge funds own 19.18% of the company’s stock.

StoneBridge Acquisition Price Performance

Shares of StoneBridge Acquisition stock opened at $10.15 on Wednesday. StoneBridge Acquisition Co. has a one year low of $9.87 and a one year high of $10.15. The business has a 50-day simple moving average of $10.09 and a 200-day simple moving average of $10.03.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded StoneBridge Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About StoneBridge Acquisition

StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.