450,000 Shares in Starboard Value Acquisition Corp. $SVAC Bought by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. bought a new position in Starboard Value Acquisition Corp. (NASDAQ:SVAC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 450,000 shares of the company’s stock, valued at approximately $4,568,000. Starboard Value Acquisition accounts for approximately 0.6% of Mint Tower Capital Management B.V.’s holdings, making the stock its 27th biggest position. Mint Tower Capital Management B.V. owned about 0.89% of Starboard Value Acquisition as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. HighTower Advisors LLC purchased a new position in Starboard Value Acquisition in the fourth quarter valued at approximately $684,000. Gritstone Asset Management LLC purchased a new position in Starboard Value Acquisition in the fourth quarter valued at approximately $1,015,000. First Trust Capital Management L.P. purchased a new position in Starboard Value Acquisition in the third quarter valued at approximately $3,466,000. Wealthspring Capital LLC purchased a new position in Starboard Value Acquisition in the fourth quarter valued at approximately $4,080,000. Finally, Periscope Capital Inc. acquired a new position in shares of Starboard Value Acquisition during the 4th quarter valued at $4,823,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Starboard Value Acquisition Price Performance

Starboard Value Acquisition stock opened at $10.33 on Friday. Starboard Value Acquisition Corp. has a one year low of $10.03 and a one year high of $12.00. The stock’s 50 day moving average price is $10.42 and its 200 day moving average price is $10.39.

Starboard Value Acquisition (NASDAQ:SVAC) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($13.80) earnings per share (EPS) for the quarter.

Starboard Value Acquisition Company Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.