Starboard Value Acquisition (NASDAQ:SVAC) Announces Earnings Results

Starboard Value Acquisition (NASDAQ:SVAC) announced its earnings results on Thursday. The company reported ($13.80) earnings per share (EPS) for the quarter, FiscalAI reports.

Starboard Value Acquisition Stock Performance

SVAC traded up $0.06 on Friday, reaching $10.52. The company had a trading volume of 125,849 shares, compared to its average volume of 287,623. The company has a fifty day moving average of $10.29 and a 200-day moving average of $10.37. Starboard Value Acquisition has a one year low of $10.03 and a one year high of $12.00.

Hedge Funds Weigh In On Starboard Value Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of SVAC. First Trust Capital Management L.P. bought a new position in Starboard Value Acquisition in the 3rd quarter valued at about $3,466,000. Gritstone Asset Management LLC bought a new position in Starboard Value Acquisition in the 4th quarter valued at about $1,015,000. Wealthspring Capital LLC bought a new position in Starboard Value Acquisition in the 4th quarter valued at about $4,080,000. HighTower Advisors LLC bought a new position in Starboard Value Acquisition in the 4th quarter valued at about $684,000. Finally, Periscope Capital Inc. bought a new position in Starboard Value Acquisition in the 4th quarter valued at about $4,823,000.

Starboard Value Acquisition Company Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.