Lafayette Acquisition (NASDAQ:LAFA) Issues Earnings Results

Lafayette Acquisition (NASDAQ:LAFA) issued its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.

Lafayette Acquisition Price Performance

Shares of Lafayette Acquisition stock remained flat at $10.01 during trading on Friday. The firm’s 50-day simple moving average is $9.99. Lafayette Acquisition has a twelve month low of $9.87 and a twelve month high of $10.20.

Hedge Funds Weigh In On Lafayette Acquisition

A number of institutional investors have recently modified their holdings of LAFA. Schonfeld Strategic Advisors LLC acquired a new position in Lafayette Acquisition in the 4th quarter valued at $248,000. Moore Capital Management LP acquired a new position in Lafayette Acquisition in the 4th quarter valued at $990,000. Clear Street Group Inc. acquired a new position in Lafayette Acquisition in the 4th quarter valued at $1,273,000. Berkley W R Corp acquired a new position in Lafayette Acquisition in the 4th quarter valued at $1,473,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Lafayette Acquisition in the 4th quarter valued at $1,980,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Lafayette Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Lafayette Acquisition Company Profile

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank?check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.

The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.