Gritstone Asset Management LLC Acquires New Shares in Dynamix Corp III $DNMX

Gritstone Asset Management LLC bought a new stake in shares of Dynamix Corp III (NASDAQ:DNMX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 50,000 shares of the company’s stock, valued at approximately $496,000. Gritstone Asset Management LLC owned 0.21% of Dynamix Corp III at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DNMX. ABC Arbitrage SA purchased a new position in shares of Dynamix Corp III in the first quarter valued at $198,000. Boothbay Fund Management LLC purchased a new stake in Dynamix Corp III during the 4th quarter worth about $494,000. Bulldog Investors LLP purchased a new stake in Dynamix Corp III during the 4th quarter worth about $494,000. Mint Tower Capital Management B.V. bought a new position in Dynamix Corp III in the 4th quarter worth about $989,000. Finally, Moore Capital Management LP bought a new position in Dynamix Corp III in the 4th quarter worth about $989,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Dynamix Corp III in a research report on Monday, June 8th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Dynamix Corp III Price Performance

DNMX opened at $10.02 on Friday. The stock has a market cap of $233.65 million and a price-to-earnings ratio of -1,001.50. Dynamix Corp III has a one year low of $9.87 and a one year high of $10.04. The firm’s fifty day moving average price is $10.01.

Dynamix Corp III (NASDAQ:DNMX) last issued its quarterly earnings data on Friday, March 20th. The company reported $0.07 earnings per share (EPS) for the quarter.

Dynamix Corp III Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.