Context Capital Management LLC Buys 597,999 Shares of Plum Acquisition Corp. IV $PLMK

Context Capital Management LLC bought a new position in shares of Plum Acquisition Corp. IV (NASDAQ:PLMK) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 597,999 shares of the company’s stock, valued at approximately $6,411,000. Context Capital Management LLC owned about 5.59% of Plum Acquisition Corp. IV as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PLMK. Berkley W R Corp boosted its holdings in Plum Acquisition Corp. IV by 4.6% in the first quarter. Berkley W R Corp now owns 804,192 shares of the company’s stock valued at $8,492,000 after acquiring an additional 35,304 shares during the last quarter. Sona Asset Management US LLC bought a new stake in Plum Acquisition Corp. IV during the 1st quarter worth about $3,696,000. Finally, Citadel Advisors LLC raised its holdings in Plum Acquisition Corp. IV by 33.6% during the 2nd quarter. Citadel Advisors LLC now owns 13,596 shares of the company’s stock worth $145,000 after purchasing an additional 3,421 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a research note on Tuesday, October 27th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Plum Acquisition Corp. IV Stock Down 0.0%

Shares of PLMK opened at $10.64 on Wednesday. Plum Acquisition Corp. IV has a twelve month low of $10.38 and a twelve month high of $12.00. The firm’s 50 day moving average price is $10.65 and its two-hundred day moving average price is $10.61.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination. As a blank-check company, Plum Acquisition Corp. IV does not have significant operating products or services of its own. Its activities are primarily focused on raising capital, evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.