Magnetar Financial LLC Acquires New Position in Stellar V Capital Corp. $SVCC

Magnetar Financial LLC bought a new stake in Stellar V Capital Corp. (NASDAQ:SVCC) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,300,000 shares of the company’s stock, valued at approximately $13,292,000. Magnetar Financial LLC owned approximately 6.02% of Stellar V Capital as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Mizuho Securities USA LLC bought a new position in Stellar V Capital in the first quarter valued at about $1,251,000. Gritstone Asset Management LLC bought a new position in shares of Stellar V Capital in the second quarter worth about $1,380,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Stellar V Capital in the 2nd quarter valued at approximately $1,488,000. Mint Tower Capital Management B.V. bought a new stake in shares of Stellar V Capital during the 2nd quarter valued at approximately $2,044,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Stellar V Capital during the 2nd quarter valued at approximately $2,553,000.

Stellar V Capital Stock Performance

NASDAQ:SVCC opened at $10.39 on Friday. Stellar V Capital Corp. has a 52 week low of $9.95 and a 52 week high of $10.42. The company has a fifty day moving average price of $10.34. The company has a market cap of $224.53 million and a price-to-earnings ratio of 51.95.

Stellar V Capital (NASDAQ:SVCC) last released its earnings results on Monday, November 10th. The company reported $0.07 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Stellar V Capital in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Stellar V Capital currently has a consensus rating of “Sell”.

About Stellar V Capital

We are a blank check company incorporated on July 12, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.