Radcliffe Capital Management L.P. raised its holdings in LightWave Acquisition Corp. (NASDAQ:LWAC – Free Report) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 564,160 shares of the company’s stock after buying an additional 89,160 shares during the quarter. Radcliffe Capital Management L.P. owned about 1.88% of LightWave Acquisition worth $5,664,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Quarry LP purchased a new stake in LightWave Acquisition in the fourth quarter worth $246,000. ABC Arbitrage SA bought a new position in LightWave Acquisition in the 4th quarter worth $351,000. Gabelli Funds LLC purchased a new stake in shares of LightWave Acquisition in the 3rd quarter worth about $444,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of LightWave Acquisition in the 3rd quarter worth about $551,000. Finally, L1 Global Manager Pty Ltd bought a new stake in shares of LightWave Acquisition during the 4th quarter valued at about $752,000.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
LightWave Acquisition Trading Up 0.1%
LWAC opened at $10.27 on Wednesday. The stock has a fifty day simple moving average of $10.20 and a two-hundred day simple moving average of $10.13. LightWave Acquisition Corp. has a 12-month low of $9.81 and a 12-month high of $10.26.
LightWave Acquisition (NASDAQ:LWAC – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.
About LightWave Acquisition
Locust Walk 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 Boston, Massachusetts.
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