Governors Lane LP purchased a new stake in shares of Starboard Value Acquisition Corp. (NASDAQ:SVAC – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 500,779 shares of the company’s stock, valued at approximately $5,088,000.
A number of other large investors have also modified their holdings of the company. Clear Street Group Inc. bought a new stake in Starboard Value Acquisition in the 4th quarter valued at about $73,000. Boothbay Fund Management LLC bought a new position in Starboard Value Acquisition in the 4th quarter worth about $445,000. HighTower Advisors LLC bought a new stake in shares of Starboard Value Acquisition during the fourth quarter valued at approximately $684,000. MYDA Advisors LLC bought a new stake in shares of Starboard Value Acquisition during the fourth quarter valued at approximately $723,000. Finally, Gritstone Asset Management LLC acquired a new position in shares of Starboard Value Acquisition during the fourth quarter worth approximately $1,015,000.
Starboard Value Acquisition Trading Up 0.1%
Shares of SVAC stock opened at $10.31 on Thursday. Starboard Value Acquisition Corp. has a 1 year low of $10.03 and a 1 year high of $12.00. The business’s fifty day moving average is $10.43 and its 200-day moving average is $10.39.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on SVAC
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.
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