Radcliffe Capital Management L.P. Takes $3.90 Million Position in Starboard Value Acquisition Corp. $SVAC

Radcliffe Capital Management L.P. acquired a new stake in shares of Starboard Value Acquisition Corp. (NASDAQ:SVAC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 383,498 shares of the company’s stock, valued at approximately $3,896,000.

Other large investors also recently bought and sold shares of the company. Clear Street Group Inc. purchased a new stake in Starboard Value Acquisition during the fourth quarter worth $73,000. HighTower Advisors LLC purchased a new position in shares of Starboard Value Acquisition in the 4th quarter valued at $684,000. MYDA Advisors LLC bought a new position in shares of Starboard Value Acquisition in the 4th quarter worth $723,000. Gritstone Asset Management LLC bought a new position in shares of Starboard Value Acquisition in the 4th quarter worth $1,015,000. Finally, DLD Asset Management LP purchased a new stake in shares of Starboard Value Acquisition during the 4th quarter worth $1,041,000.

Starboard Value Acquisition Trading Down 0.3%

NASDAQ SVAC opened at $10.30 on Wednesday. Starboard Value Acquisition Corp. has a 52 week low of $10.03 and a 52 week high of $12.00. The company has a 50 day moving average price of $10.43 and a 200 day moving average price of $10.39.

Starboard Value Acquisition (NASDAQ:SVAC) last announced its earnings results on Thursday, May 14th. The company reported ($13.80) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

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.