50,000 Shares in IG Acquisition Corp. $IGAC Bought by Governors Lane LP

Governors Lane LP bought a new position in shares of IG Acquisition Corp. (NASDAQ:IGAC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 50,000 shares of the company’s stock, valued at approximately $492,000. Governors Lane LP owned approximately 0.50% of IG Acquisition at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Radcliffe Capital Management L.P. acquired a new position in IG Acquisition during the 4th quarter worth $5,412,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in IG Acquisition during the 4th quarter worth $3,936,000. Clear Street Group Inc. acquired a new position in IG Acquisition during the 4th quarter worth $2,289,000. First Trust Capital Management L.P. acquired a new position in IG Acquisition during the 4th quarter worth $4,920,000. Finally, Berkley W R Corp acquired a new position in IG Acquisition during the 4th quarter worth $975,000. 38.82% of the stock is owned by institutional investors and hedge funds.

IG Acquisition Price Performance

IG Acquisition stock opened at $10.01 on Thursday. IG Acquisition Corp. has a fifty-two week low of $9.82 and a fifty-two week high of $10.02. The stock has a 50-day simple moving average of $9.97 and a 200-day simple moving average of $9.96.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.