Rivernorth Capital Management LLC Acquires New Position in Westin Acquisition Corp $WSTN

Rivernorth Capital Management LLC bought a new position in shares of Westin Acquisition Corp (NASDAQ:WSTN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 300,000 shares of the company’s stock, valued at approximately $2,997,000. Rivernorth Capital Management LLC owned 3.72% of Westin Acquisition as of its most recent filing with the Securities and Exchange Commission.

Separately, Sona Asset Management US LLC acquired a new stake in Westin Acquisition in the first quarter worth $1,130,000.

Westin Acquisition Stock Performance

Shares of WSTN opened at $10.14 on Wednesday. Westin Acquisition Corp has a twelve month low of $9.89 and a twelve month high of $10.16. The firm has a 50 day moving average of $10.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Westin Acquisition in a research note on Wednesday, April 29th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Westin Acquisition

Westin Acquisition Corp is a newly incorporated blank check company.