Aristeia Capital L.L.C. acquired a new position in Starboard Value Acquisition Corp. (NASDAQ:SVAC – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm acquired 350,000 shares of the company’s stock, valued at approximately $3,552,000.
Other large investors have also recently bought and sold shares of the company. Gritstone Asset Management LLC purchased a new position in Starboard Value Acquisition in the fourth quarter worth $1,015,000. Mint Tower Capital Management B.V. purchased a new position in Starboard Value Acquisition in the fourth quarter worth $4,568,000. Periscope Capital Inc. purchased a new position in Starboard Value Acquisition in the fourth quarter worth $4,823,000. MYDA Advisors LLC purchased a new position in Starboard Value Acquisition in the fourth quarter worth $723,000. Finally, Wealthspring Capital LLC purchased a new position in Starboard Value Acquisition in the fourth quarter worth $4,080,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
Starboard Value Acquisition Trading Up 0.1%
Starboard Value Acquisition stock opened at $10.31 on Thursday. Starboard Value Acquisition Corp. has a 52 week low of $10.03 and a 52 week high of $12.00. The stock has a 50-day moving average price of $10.43 and a 200 day moving average price of $10.39.
Starboard Value Acquisition (NASDAQ:SVAC – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($13.80) EPS for the quarter.
Starboard Value Acquisition Profile
Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.
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