Radcliffe Capital Management L.P. Makes New Investment in Lafayette Acquisition Corp. $LAFA

Radcliffe Capital Management L.P. purchased a new position in shares of Lafayette Acquisition Corp. (NASDAQ:LAFA) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $1,980,000.

Several other institutional investors have also recently made changes to their positions in the company. First Trust Capital Management L.P. bought a new stake in shares of Lafayette Acquisition in the fourth quarter valued at about $2,970,000. Berkley W R Corp purchased a new stake in Lafayette Acquisition in the fourth quarter worth about $1,473,000. Clear Street Group Inc. bought a new position in Lafayette Acquisition during the 4th quarter worth about $1,273,000. Finally, Verition Fund Management LLC bought a new position in Lafayette Acquisition during the 4th quarter worth about $3,628,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Lafayette Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lafayette Acquisition has an average rating of “Sell”.

Lafayette Acquisition Trading Down 0.2%

Shares of NASDAQ LAFA opened at $10.08 on Wednesday. Lafayette Acquisition Corp. has a 12-month low of $9.87 and a 12-month high of $10.20. The firm’s fifty day moving average is $10.04.

Lafayette Acquisition (NASDAQ:LAFA) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter.

About Lafayette Acquisition

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank‑check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.

The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.