Lafayette Acquisition (NASDAQ:LAFA) Releases Quarterly Earnings Results

Lafayette Acquisition (NASDAQ:LAFA) released its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Lafayette Acquisition Stock Up 0.4%

Shares of LAFA traded up $0.04 during trading hours on Friday, reaching $10.25. 53,980 shares of the company traded hands, compared to its average volume of 11,456. Lafayette Acquisition has a 12-month low of $9.87 and a 12-month high of $10.24. The stock’s fifty day moving average price is $10.20 and its 200 day moving average price is $10.09.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lafayette Acquisition in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Lafayette Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in LAFA. Condor Capital Management acquired a new position in Lafayette Acquisition during the 3rd quarter worth $136,000. Kepos Capital LP purchased a new stake in Lafayette Acquisition during the third quarter worth about $975,000. Rivernorth Capital Management LLC acquired a new position in Lafayette Acquisition during the first quarter worth about $2,991,000. First Trust Capital Management L.P. purchased a new position in Lafayette Acquisition during the third quarter worth $3,057,000. Finally, Sona Asset Management US LLC purchased a new position in Lafayette Acquisition in the 1st quarter valued at about $3,490,000.

About Lafayette Acquisition

Lafayette Acquisition Corp. is a special purpose acquisition company (SPAC), formed to pursue a business combination with one or more businesses. It does not have an established operating business or its own products and services. Its intended activities include identifying and completing a merger, acquisition, share exchange or similar transaction. The company’s specific target markets, geographic focus and leadership details are not included here.