Lineage Point Capital LP Takes $1.52 Million Position in SUMA Acquisition Corporation $SUMA

Lineage Point Capital LP bought a new position in shares of SUMA Acquisition Corporation (NASDAQ:SUMA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 150,201 shares of the company’s stock, valued at approximately $1,517,000. Lineage Point Capital LP owned 0.85% of SUMA Acquisition at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on SUMA Acquisition in a report on Thursday, August 13th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SUMA Acquisition currently has an average rating of “Sell”.

SUMA Acquisition Stock Performance

Shares of NASDAQ SUMA opened at $9.95 on Friday. SUMA Acquisition Corporation has a 1 year low of $9.83 and a 1 year high of $9.97. The company’s 50-day moving average is $9.93.

SUMA Acquisition Company Profile

Suma Acquisition Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.