Gritstone Asset Management LLC bought a new position in shares of IG Acquisition Corp. (NASDAQ:IGAC – Free Report) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $495,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IGAC. TrueMark Investments LLC purchased a new stake in IG Acquisition in the first quarter valued at $142,000. Meteora Capital LLC acquired a new stake in IG Acquisition during the 4th quarter worth about $300,000. ABC Arbitrage SA purchased a new position in shares of IG Acquisition during the 1st quarter valued at about $396,000. Virtu Financial LLC purchased a new position in shares of IG Acquisition during the 4th quarter valued at about $402,000. Finally, Governors Lane LP acquired a new position in shares of IG Acquisition in the 4th quarter valued at about $492,000. 38.82% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
IG Acquisition Stock Down 0.0%
Shares of NASDAQ IGAC opened at $10.04 on Friday. IG Acquisition Corp. has a 12 month low of $9.82 and a 12 month high of $10.05. The firm’s 50 day simple moving average is $10.01 and its 200-day simple moving average is $9.95.
IG Acquisition (NASDAQ:IGAC – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.
IG Acquisition Profile
IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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