Polar Asset Management Partners Inc. bought a new position in shares of IG Acquisition Corp. (NASDAQ:IGAC – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 249,900 shares of the company’s stock, valued at approximately $2,474,000. Polar Asset Management Partners Inc. owned about 2.49% of IG Acquisition as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. TrueMark Investments LLC acquired a new position in IG Acquisition in the 1st quarter valued at about $142,000. Meteora Capital LLC acquired a new stake in IG Acquisition during the fourth quarter worth approximately $300,000. ABC Arbitrage SA acquired a new stake in IG Acquisition during the first quarter worth approximately $396,000. Virtu Financial LLC acquired a new stake in IG Acquisition during the fourth quarter worth approximately $402,000. Finally, Governors Lane LP bought a new stake in shares of IG Acquisition during the fourth quarter worth approximately $492,000. Institutional investors own 38.82% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings raised IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, IG Acquisition presently has a consensus rating of “Sell”.
IG Acquisition Price Performance
IGAC opened at $10.03 on Tuesday. IG Acquisition Corp. has a fifty-two week low of $9.82 and a fifty-two week high of $10.05. The stock has a fifty day moving average of $10.01 and a 200-day moving average of $9.96.
IG Acquisition (NASDAQ:IGAC – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.
IG Acquisition Profile
IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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