M3-Brigade Acquisition V (NASDAQ:VLOS) Announces Quarterly Earnings Results

M3-Brigade Acquisition V (NASDAQ:VLOS) announced its quarterly earnings results on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports.

M3-Brigade Acquisition V Stock Down 0.5%

Shares of NASDAQ VLOS traded down $0.05 during trading on Friday, hitting $10.70. The company had a trading volume of 424 shares, compared to its average volume of 128,547. The stock has a fifty day simple moving average of $10.73 and a two-hundred day simple moving average of $10.83. M3-Brigade Acquisition V has a fifty-two week low of $9.10 and a fifty-two week high of $11.96.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of M3-Brigade Acquisition V from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Polar Asset Management Partners Inc. raised its position in shares of M3-Brigade Acquisition V by 117.0% in the first quarter. Polar Asset Management Partners Inc. now owns 3,812,849 shares of the company’s stock valued at $40,950,000 after buying an additional 2,055,408 shares during the last quarter. Saba Capital Management L.P. lifted its stake in shares of M3-Brigade Acquisition V by 11,039.2% in the first quarter. Saba Capital Management L.P. now owns 1,585,000 shares of the company’s stock worth $17,023,000 after buying an additional 1,570,771 shares in the last quarter. Finally, DLD Asset Management LP acquired a new position in M3-Brigade Acquisition V during the first quarter worth about $644,000.

M3-Brigade Acquisition V Company Profile

M3-Brigade Acquisition V was formed as a special purpose acquisition company to pursue a merger or similar business combination. Following its business combination with Veloce Media Group, the company became associated with Veloce’s motorsport, gaming and digital-media operations. Veloce develops and distributes online content and operates activities spanning esports, sim racing and real-world motorsport. Its business connects audiences, creators, teams and brands through digital media and racing-related entertainment.