Sona Asset Management US LLC bought a new position in Stellar V Capital Corp. (NASDAQ:SVCC – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor bought 322,958 shares of the company’s stock, valued at approximately $3,375,000.
Other hedge funds have also modified their holdings of the company. Meteora Capital LLC bought a new stake in shares of Stellar V Capital in the 4th quarter valued at about $121,000. Virtu Financial LLC purchased a new stake in Stellar V Capital during the fourth quarter valued at approximately $153,000. Clear Street Group Inc. lifted its position in Stellar V Capital by 5,916.0% during the fourth quarter. Clear Street Group Inc. now owns 117,853 shares of the company’s stock valued at $1,222,000 after acquiring an additional 115,894 shares during the last quarter. Shaolin Capital Management LLC purchased a new stake in Stellar V Capital during the second quarter valued at approximately $2,044,000. Finally, Verition Fund Management LLC boosted its stake in Stellar V Capital by 26.5% in the fourth quarter. Verition Fund Management LLC now owns 202,411 shares of the company’s stock valued at $2,098,000 after acquiring an additional 42,394 shares in the last quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellar V Capital in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.
Stellar V Capital Stock Performance
Shares of NASDAQ SVCC opened at $10.61 on Monday. Stellar V Capital Corp. has a fifty-two week low of $10.21 and a fifty-two week high of $10.62. The company has a market cap of $229.28 million, a PE ratio of 40.81 and a beta of 0.04. The business has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $10.48.
Stellar V Capital (NASDAQ:SVCC – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter.
Stellar V Capital Company Profile
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.
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