Ramius Advisors LLC cut its stake in Montes Archimedes Acquisition Corp. (NASDAQ:MAAC) by 73.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,419 shares of the company’s stock after selling 318,302 shares during the quarter. Ramius Advisors LLC’s holdings in Montes Archimedes Acquisition were worth $1,132,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Karpus Management Inc. increased its holdings in shares of Montes Archimedes Acquisition by 593.5% in the 1st quarter. Karpus Management Inc. now owns 115,974 shares of the company’s stock valued at $1,134,000 after acquiring an additional 99,250 shares during the period. Toronto Dominion Bank purchased a new position in shares of Montes Archimedes Acquisition in the 1st quarter valued at $3,221,000. CSS LLC IL purchased a new position in shares of Montes Archimedes Acquisition in the 1st quarter valued at $2,927,000. Periscope Capital Inc. purchased a new position in shares of Montes Archimedes Acquisition in the 1st quarter valued at $9,292,000. Finally, Panagora Asset Management Inc. purchased a new position in shares of Montes Archimedes Acquisition in the 1st quarter valued at $87,000. Institutional investors and hedge funds own 63.62% of the company’s stock.
Shares of NASDAQ:MAAC traded down $0.02 on Wednesday, reaching $9.97. The company had a trading volume of 17,162 shares, compared to its average volume of 311,446. Montes Archimedes Acquisition Corp. has a 52-week low of $9.61 and a 52-week high of $10.87. The firm’s 50 day simple moving average is $9.93 and its 200-day simple moving average is $9.89.
Montes Archimedes Acquisition Corp. focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2020 and is based in Menlo Park, California.
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