GP-Act III Acquisition (NASDAQ:GPAT) Given “Sell (D)” Rating at Weiss Ratings

GP-Act III Acquisition (NASDAQ:GPAT)‘s stock had its “sell (d)” rating restated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of GP-Act III Acquisition to a “hold” rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GP-Act III Acquisition presently has a consensus rating of “Sell”.

GP-Act III Acquisition Stock Performance

GP-Act III Acquisition stock opened at $10.63 on Wednesday. The company’s 50-day moving average is $10.58 and its 200-day moving average is $10.50. GP-Act III Acquisition has a fifty-two week low of $10.05 and a fifty-two week high of $10.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GPAT. Meteora Capital LLC acquired a new position in GP-Act III Acquisition in the 2nd quarter valued at about $20,330,000. Alberta Investment Management Corp acquired a new position in GP-Act III Acquisition in the 2nd quarter valued at about $17,144,000. Wealthspring Capital LLC grew its stake in GP-Act III Acquisition by 406.1% in the 2nd quarter. Wealthspring Capital LLC now owns 1,059,042 shares of the company’s stock valued at $11,173,000 after buying an additional 849,783 shares during the last quarter. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in GP-Act III Acquisition in the 2nd quarter valued at about $7,800,000. Finally, Westchester Capital Management LLC grew its stake in GP-Act III Acquisition by 27.6% in the 1st quarter. Westchester Capital Management LLC now owns 1,160,852 shares of the company’s stock valued at $11,992,000 after buying an additional 250,852 shares during the last quarter.

GP-Act III Acquisition Company Profile

GP-Act III Acquisition Corp. operates as a blank check company, which was created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on November 23, 2020 and is headquartered in New York, NY.