Linden Advisors LP bought a new position in shares of Pelican Acquisition Corporation (NASDAQ:PELI – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 370,000 shares of the company’s stock, valued at approximately $3,700,000. Linden Advisors LP owned 3.53% of Pelican Acquisition at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Warberg Asset Management LLC bought a new stake in Pelican Acquisition in the 2nd quarter valued at $500,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Pelican Acquisition in the second quarter valued at $1,000,000. Mint Tower Capital Management B.V. bought a new position in shares of Pelican Acquisition in the second quarter valued at about $1,505,000. Magnetar Financial LLC acquired a new stake in shares of Pelican Acquisition during the 2nd quarter worth about $1,951,000. Finally, Shaolin Capital Management LLC acquired a new stake in shares of Pelican Acquisition during the 2nd quarter worth about $2,758,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Pelican Acquisition in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Pelican Acquisition currently has an average rating of “Sell”.
Pelican Acquisition Price Performance
Shares of Pelican Acquisition stock opened at $10.16 on Friday. The company has a 50-day simple moving average of $10.12. Pelican Acquisition Corporation has a 52-week low of $8.98 and a 52-week high of $10.19.
Pelican Acquisition (NASDAQ:PELI – Get Free Report) last issued its quarterly earnings data on Monday, September 15th. The company reported $0.03 earnings per share for the quarter.
Pelican Acquisition Profile
We are a newly formed blank check company incorporated as a Cayman Islands exempted company on July 23, 2024 under the laws of the Cayman Islands with limited liability, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.
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