L1 Global Manager Pty Ltd Takes Position in Stellar V Capital Corp. $SVCC

L1 Global Manager Pty Ltd purchased a new position in shares of Stellar V Capital Corp. (NASDAQ:SVCC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 275,000 shares of the company’s stock, valued at approximately $2,850,000. Stellar V Capital accounts for about 1.9% of L1 Global Manager Pty Ltd’s portfolio, making the stock its 12th biggest holding. L1 Global Manager Pty Ltd owned about 1.27% of Stellar V Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of SVCC. Karpus Management Inc. increased its position in Stellar V Capital by 46.2% during the second quarter. Karpus Management Inc. now owns 314,850 shares of the company’s stock worth $3,202,000 after acquiring an additional 99,500 shares during the period. Shaolin Capital Management LLC bought a new position in Stellar V Capital during the second quarter worth about $2,044,000. Moore Capital Management LP bought a new position in Stellar V Capital during the second quarter worth about $2,558,000. MMCAP International Inc. SPC bought a new position in Stellar V Capital during the third quarter worth about $2,884,000. Finally, Radcliffe Capital Management L.P. bought a new position in Stellar V Capital during the third quarter worth about $1,188,000.

Stellar V Capital Stock Performance

NASDAQ:SVCC opened at $10.56 on Friday. Stellar V Capital Corp. has a 52 week low of $10.18 and a 52 week high of $10.57. The firm has a market cap of $228.20 million, a price-to-earnings ratio of 40.62 and a beta of 0.03. The firm’s 50-day simple moving average is $10.51 and its 200 day simple moving average is $10.44.

Stellar V Capital (NASDAQ:SVCC) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stellar V Capital in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Stellar V Capital Profile

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.