Context Capital Management LLC bought a new stake in Indigo Acquisition Corp. (NASDAQ:INAC – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 200,000 shares of the company’s stock, valued at approximately $2,076,000. Context Capital Management LLC owned 1.56% of Indigo Acquisition as of its most recent filing with the Securities & Exchange Commission.
Separately, Sona Asset Management US LLC acquired a new stake in shares of Indigo Acquisition during the 1st quarter worth $1,611,000.
Indigo Acquisition Trading Up 0.6%
Shares of NASDAQ:INAC opened at $10.48 on Wednesday. Indigo Acquisition Corp. has a one year low of $10.01 and a one year high of $10.45. The business’s 50-day simple moving average is $10.38 and its 200 day simple moving average is $10.26.
Indigo Acquisition (NASDAQ:INAC – Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.06 EPS for the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Indigo Acquisition in a report on Friday, October 30th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on INAC
About Indigo Acquisition
Indigo Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with an operating company. Its potential transaction could take the form of a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. Unlike an operating company, Indigo Acquisition Corp. does not appear to have established products, services or significant commercial operations of its own. Its activities are primarily focused on evaluating prospective acquisition targets and pursuing a transaction that would allow a target business to become publicly traded.
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