TIAA CREF Investment Management LLC bought a new stake in CardConnect Corp (NASDAQ:CCN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 41,144 shares of the business services provider’s stock, valued at approximately $619,000.
Other hedge funds have also modified their holdings of the company. UBS Group AG acquired a new stake in shares of CardConnect Corp in the 1st quarter valued at $616,000. Vivaldi Asset Management LLC acquired a new stake in shares of CardConnect Corp in the 2nd quarter valued at $10,064,000. Vivaldi Capital Management LLC acquired a new stake in shares of CardConnect Corp in the 2nd quarter valued at $785,580,000. Bank of New York Mellon Corp acquired a new stake in shares of CardConnect Corp in the 2nd quarter valued at $547,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of CardConnect Corp in the 2nd quarter valued at $1,692,000. 31.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CardConnect Corp (CCN) opened at $15.05 on Thursday. CardConnect Corp has a twelve month low of $8.14 and a twelve month high of $15.25. The company has a debt-to-equity ratio of -3.15, a quick ratio of 1.53 and a current ratio of 1.53.
CardConnect Corp Profile
CardConnect Corp., formerly FinTech Acquisition Corp., is a holding company. The Company holds interests in CardConnect, LLC. The Company is a provider of payment processing solutions to merchants throughout the United States. The Company’s segments include Merchant Acquiring Services and Other. The Company’s platform allows it to provide payment solutions, customer support and tools for its distribution partners and merchants.
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