Periscope Capital Inc. Makes New Investment in Starboard Value Acquisition Corp. $SVAC

Periscope Capital Inc. bought a new position in shares of Starboard Value Acquisition Corp. (NASDAQ:SVAC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 474,699 shares of the company’s stock, valued at approximately $4,823,000. Starboard Value Acquisition accounts for 0.6% of Periscope Capital Inc.’s investment portfolio, making the stock its 18th biggest position. Periscope Capital Inc. owned about 0.94% of Starboard Value Acquisition at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC bought a new stake in shares of Starboard Value Acquisition in the fourth quarter valued at approximately $684,000. Gritstone Asset Management LLC bought a new stake in shares of Starboard Value Acquisition in the fourth quarter valued at approximately $1,015,000. First Trust Capital Management L.P. bought a new stake in shares of Starboard Value Acquisition in the third quarter valued at approximately $3,466,000. Finally, Wealthspring Capital LLC bought a new stake in shares of Starboard Value Acquisition in the fourth quarter valued at approximately $4,080,000.

Starboard Value Acquisition Price Performance

SVAC opened at $10.66 on Friday. Starboard Value Acquisition Corp. has a 1-year low of $10.03 and a 1-year high of $12.00. The business has a 50 day moving average of $10.36 and a 200-day moving average of $10.38.

Starboard Value Acquisition (NASDAQ:SVAC) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($13.80) earnings per share for the quarter.

Starboard Value Acquisition Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.