Centurion Acquisition (NASDAQ:ALF) Shares Down 0.8% – Time to Sell?

Centurion Acquisition Corp. (NASDAQ:ALF)’s stock price fell 0.8% during mid-day trading on Friday. The stock traded as low as $10.92 and last traded at $10.8350. Approximately 119 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 302 shares. The stock had previously closed at $10.92.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Centurion Acquisition from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Centurion Acquisition Stock Performance

The business’s 50-day simple moving average is $10.83 and its 200 day simple moving average is $10.82.

Hedge Funds Weigh In On Centurion Acquisition

A number of large investors have recently added to or reduced their stakes in ALF. Berkley W R Corp boosted its position in Centurion Acquisition by 376.0% during the first quarter. Berkley W R Corp now owns 1,157,544 shares of the company’s stock valued at $12,455,000 after buying an additional 914,380 shares during the period. L1 Global Manager Pty Ltd bought a new stake in shares of Centurion Acquisition in the 4th quarter valued at about $7,189,000. Radcliffe Capital Management L.P. boosted its holdings in Centurion Acquisition by 20.2% during the 4th quarter. Radcliffe Capital Management L.P. now owns 501,086 shares of the company’s stock valued at $5,337,000 after acquiring an additional 84,291 shares during the period. Sona Asset Management US LLC bought a new position in Centurion Acquisition during the 1st quarter worth approximately $1,092,000. Finally, Governors Lane LP grew its position in Centurion Acquisition by 40.3% during the 4th quarter. Governors Lane LP now owns 70,125 shares of the company’s stock worth $747,000 after acquiring an additional 20,125 shares during the last quarter.

Centurion Acquisition Company Profile

Centurion Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Rather than conducting an established operating business of its own, the company’s principal objective is to use capital raised in its public offering to pursue a merger, acquisition, share exchange, or similar transaction.

Until it completes a business combination, Centurion Acquisition’s activities generally consist of evaluating potential acquisition targets, conducting due diligence, negotiating transaction terms, and managing corporate and regulatory requirements.