Vertex One Asset Management Inc. decreased its stake in shares of Pure Acquisition Corp. (OTCMKTS:PACQU) by 25.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 286,100 shares of the company’s stock after selling 100,000 shares during the period. Vertex One Asset Management Inc.’s holdings in Pure Acquisition were worth $3,090,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mizuho Securities USA LLC acquired a new position in shares of Pure Acquisition in the third quarter valued at about $2,146,000. Cowen Investment Management LLC bought a new position in Pure Acquisition in the third quarter valued at approximately $3,326,000. Finally, Cowen Inc. increased its stake in Pure Acquisition by 27.1% in the second quarter. Cowen Inc. now owns 323,444 shares of the company’s stock valued at $3,458,000 after acquiring an additional 69,001 shares during the last quarter.
OTCMKTS PACQU remained flat at $$10.54 on Tuesday. The firm’s fifty day moving average is $10.83 and its two-hundred day moving average is $10.78. Pure Acquisition Corp. has a twelve month low of $10.31 and a twelve month high of $11.66.
Pure Acquisition Profile
Pure Acquisition Corp. focuses on the opportunities in the upstream oil and gas industry in North America. The company was founded in 2017 and is based in Fort Worth, Texas.
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