Radcliffe Capital Management L.P. Acquires Shares of 550,000 IG Acquisition Corp. $IGAC

Radcliffe Capital Management L.P. acquired a new position in shares of IG Acquisition Corp. (NASDAQ:IGAC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 550,000 shares of the company’s stock, valued at approximately $5,412,000. Radcliffe Capital Management L.P. owned approximately 5.48% of IG Acquisition at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IGAC. Berkley W R Corp acquired a new stake in shares of IG Acquisition in the fourth quarter valued at about $975,000. StoneX Group Inc. acquired a new position in IG Acquisition during the 4th quarter worth approximately $1,121,000. Clear Street Group Inc. purchased a new position in IG Acquisition in the 4th quarter worth approximately $2,289,000. Verition Fund Management LLC acquired a new stake in IG Acquisition in the fourth quarter valued at approximately $2,460,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of IG Acquisition during the fourth quarter valued at approximately $2,523,000. Hedge funds and other institutional investors own 38.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, IG Acquisition currently has a consensus rating of “Sell”.

IG Acquisition Price Performance

Shares of IGAC opened at $10.01 on Wednesday. IG Acquisition Corp. has a one year low of $9.82 and a one year high of $10.02. The stock has a 50-day moving average price of $9.97 and a 200 day moving average price of $9.96.

IG Acquisition (NASDAQ:IGAC) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.

IG Acquisition Company Profile

IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.