Virtu Financial LLC bought a new stake in GigInternational1, Inc. (NASDAQ:GIW – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 65,840 shares of the company’s stock, valued at approximately $651,000.
A number of other institutional investors have also modified their holdings of the stock. Wolverine Asset Management LLC purchased a new stake in shares of GigInternational1 during the fourth quarter worth approximately $3,824,000. Aristeia Capital L.L.C. purchased a new position in GigInternational1 in the 4th quarter valued at $8,406,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in GigInternational1 in the 4th quarter valued at $2,968,000. Yakira Capital Management Inc. acquired a new position in GigInternational1 in the 4th quarter valued at $9,376,000. Finally, Clear Street Group Inc. acquired a new position in GigInternational1 in the 4th quarter valued at $3,431,000. Institutional investors and hedge funds own 14.01% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.
GigInternational1 Stock Performance
NASDAQ GIW opened at $10.07 on Tuesday. The business’s 50 day moving average is $10.04 and its two-hundred day moving average is $9.98. GigInternational1, Inc. has a 12-month low of $9.87 and a 12-month high of $10.09.
GigInternational1 Profile
GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.
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