Periscope Capital Inc. Sells 35,897 Shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares $WLAC

Periscope Capital Inc. lowered its stake in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) by 23.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 114,103 shares of the company’s stock after selling 35,897 shares during the period. Periscope Capital Inc.’s holdings in Willow Lane Acquisition Corp. – Class A Ordinary Shares were worth $1,442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Scoggin Management LP bought a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 3rd quarter valued at about $6,774,000. Yorkville Advisors Global LP bought a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 3rd quarter valued at about $6,033,000. Whitebox Advisors LLC bought a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 2nd quarter valued at about $4,092,000. Aurelius Capital Management LP bought a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 3rd quarter valued at about $3,520,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. lifted its stake in Willow Lane Acquisition Corp. – Class A Ordinary Shares by 53.8% during the 2nd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 285,956 shares of the company’s stock valued at $2,925,000 after acquiring an additional 100,040 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.00.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Price Performance

Shares of NASDAQ:WLAC opened at $18.83 on Friday. The stock’s 50-day simple moving average is $15.02 and its two-hundred day simple moving average is $12.85. Willow Lane Acquisition Corp. – Class A Ordinary Shares has a 52-week low of $10.07 and a 52-week high of $21.00.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Profile

Willow Lane Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq under the ticker WLAC. As a blank check vehicle, the company does not conduct operations of its own but instead seeks to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

The company was sponsored by Willow Lane Capital Partners, an investment firm with a focus on private equity and corporate development.