SkyView Investment Advisors LLC purchased a new position in StoneBridge Acquisition Co. (NASDAQ:APAC – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 49,570 shares of the company’s stock, valued at approximately $504,000. SkyView Investment Advisors LLC owned about 0.62% of StoneBridge Acquisition at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rivernorth Capital Management LLC bought a new position in StoneBridge Acquisition during the 1st quarter valued at about $4,970,000. Sona Asset Management US LLC bought a new stake in shares of StoneBridge Acquisition during the 1st quarter valued at $1,177,000. Aristeia Capital L.L.C. purchased a new stake in StoneBridge Acquisition in the fourth quarter worth about $1,990,000. Clear Street Group Inc. purchased a new position in shares of StoneBridge Acquisition during the 4th quarter valued at about $3,216,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of StoneBridge Acquisition during the 4th quarter valued at about $1,592,000. 19.18% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of StoneBridge Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, StoneBridge Acquisition has an average rating of “Sell”.
StoneBridge Acquisition Stock Up 0.2%
NASDAQ APAC opened at $10.25 on Tuesday. The business has a 50-day moving average price of $10.20 and a 200-day moving average price of $10.13. StoneBridge Acquisition Co. has a twelve month low of $9.87 and a twelve month high of $10.26.
StoneBridge Acquisition (NASDAQ:APAC – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.04 earnings per share (EPS) for the quarter.
StoneBridge Acquisition Company Profile
StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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