Weiss Ratings Reaffirms Sell (E+) Rating for Stellar V Capital (NASDAQ:SVCC)

Stellar V Capital (NASDAQ:SVCC)‘s stock had its “sell (e+)” rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Stellar V Capital Stock Performance

Shares of SVCC opened at $10.40 on Friday. Stellar V Capital has a one year low of $9.95 and a one year high of $10.40. The firm has a market capitalization of $224.74 million and a P/E ratio of 80.00. The company’s 50 day moving average price is $10.31.

Stellar V Capital (NASDAQ:SVCC) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.07 EPS for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Moore Capital Management LP bought a new position in shares of Stellar V Capital in the second quarter worth about $2,558,000. Berkley W R Corp lifted its stake in Stellar V Capital by 62.7% in the 2nd quarter. Berkley W R Corp now owns 258,308 shares of the company’s stock valued at $2,627,000 after purchasing an additional 99,540 shares during the last quarter. AQR Arbitrage LLC bought a new position in Stellar V Capital in the 2nd quarter valued at approximately $11,214,000. Shaolin Capital Management LLC bought a new position in Stellar V Capital in the 2nd quarter valued at approximately $2,044,000. Finally, Karpus Management Inc. lifted its stake in Stellar V Capital by 46.2% in the 2nd quarter. Karpus Management Inc. now owns 314,850 shares of the company’s stock valued at $3,202,000 after purchasing an additional 99,500 shares during the last quarter.

About Stellar V Capital

We are a blank check company incorporated on July 12, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.