Freedom Acquisition I (NASDAQ:FACT) Announces Earnings Results

Freedom Acquisition I (NASDAQ:FACT) posted its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports.

Freedom Acquisition I Price Performance

Freedom Acquisition I stock remained flat at $10.67 during trading hours on Thursday. The company’s stock had a trading volume of 24,627 shares, compared to its average volume of 84,257. Freedom Acquisition I has a 1-year low of $10.26 and a 1-year high of $10.75. The stock has a 50-day simple moving average of $10.65 and a 200-day simple moving average of $10.58.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Freedom Acquisition I in a research note on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of Freedom Acquisition I

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FACT. Berkley W R Corp boosted its stake in Freedom Acquisition I by 14.2% during the first quarter. Berkley W R Corp now owns 325,445 shares of the company’s stock worth $3,417,000 after acquiring an additional 40,363 shares in the last quarter. Rangeley Capital LLC purchased a new stake in shares of Freedom Acquisition I in the 1st quarter worth approximately $163,000. Toronto Dominion Bank purchased a new stake in shares of Freedom Acquisition I in the 4th quarter worth approximately $4,148,000. Rivernorth Capital Management LLC increased its position in Freedom Acquisition I by 28.0% during the 4th quarter. Rivernorth Capital Management LLC now owns 499,023 shares of the company’s stock valued at $5,195,000 after buying an additional 109,023 shares in the last quarter. Finally, Radcliffe Capital Management L.P. boosted its holdings in Freedom Acquisition I by 4.7% in the fourth quarter. Radcliffe Capital Management L.P. now owns 523,289 shares of the company’s stock worth $5,447,000 after acquiring an additional 23,289 shares in the last quarter. Hedge funds and other institutional investors own 55.82% of the company’s stock.

Freedom Acquisition I Company Profile

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.