DLD Asset Management LP acquired a new stake in shares of IG Acquisition Corp. (NASDAQ:IGAC – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 125,000 shares of the company’s stock, valued at approximately $1,238,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in IG Acquisition in the fourth quarter worth approximately $3,936,000. StoneX Group Inc. purchased a new stake in IG Acquisition during the 4th quarter valued at $1,121,000. First Trust Capital Management L.P. bought a new position in shares of IG Acquisition during the 4th quarter valued at $4,920,000. Hudson Bay Capital Management LP bought a new position in shares of IG Acquisition during the 4th quarter valued at $2,523,000. Finally, Berkley W R Corp purchased a new position in shares of IG Acquisition in the 4th quarter worth $975,000. Institutional investors own 38.82% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings raised IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, IG Acquisition currently has an average rating of “Sell”.
IG Acquisition Price Performance
NASDAQ:IGAC opened at $10.03 on Thursday. The stock has a 50-day simple moving average of $10.01 and a two-hundred day simple moving average of $9.96. IG Acquisition Corp. has a 52-week low of $9.82 and a 52-week high of $10.05.
IG Acquisition (NASDAQ:IGAC – Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter.
About IG Acquisition
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.
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