SIM Acquisition Corp. I (NASDAQ:SIMA) Issues Earnings Results

SIM Acquisition Corp. I (NASDAQ:SIMA) posted its quarterly earnings data on Friday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.

SIM Acquisition Corp. I Trading Down 1.6%

SIMA stock opened at $11.27 on Friday. The business’s fifty day simple moving average is $10.78 and its two-hundred day simple moving average is $10.67. SIM Acquisition Corp. I has a twelve month low of $10.10 and a twelve month high of $12.90.

Hedge Funds Weigh In On SIM Acquisition Corp. I

A number of institutional investors have recently modified their holdings of the stock. Sona Asset Management US LLC purchased a new position in shares of SIM Acquisition Corp. I during the first quarter worth approximately $1,072,000. Berkley W R Corp increased its position in shares of SIM Acquisition Corp. I by 74.9% during the first quarter. Berkley W R Corp now owns 912,286 shares of the company’s stock worth $9,780,000 after acquiring an additional 390,768 shares during the period. DLD Asset Management LP purchased a new position in shares of SIM Acquisition Corp. I during the first quarter worth approximately $5,375,000. Radcliffe Capital Management L.P. increased its stake in shares of SIM Acquisition Corp. I by 5.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 536,322 shares of the company’s stock valued at $5,680,000 after buying an additional 26,290 shares during the period. Finally, L1 Global Manager Pty Ltd purchased a new position in shares of SIM Acquisition Corp. I during the fourth quarter valued at $2,118,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SIM Acquisition Corp. I in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About SIM Acquisition Corp. I

SIM Acquisition Corp. I is a Delaware?incorporated special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Since completing its initial public offering in March 2021, the company has focused on identifying targets in the technology, digital media, sports, entertainment and consumer sectors.

The proceeds from its IPO are held in a trust account pending shareholder approval of its initial business combination.