Vertex One Asset Management Inc. decreased its position in shares of Mosaic Acquisition Corp. (NASDAQ:MOSC) by 8.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 590,998 shares of the company’s stock after selling 55,666 shares during the quarter. Mosaic Acquisition makes up approximately 1.4% of Vertex One Asset Management Inc.’s holdings, making the stock its 19th largest holding. Vertex One Asset Management Inc. owned about 1.37% of Mosaic Acquisition worth $6,078,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Alpine Group USVI LLC bought a new position in shares of Mosaic Acquisition in the 3rd quarter valued at about $103,000. K2 Principal Fund L.P. lifted its holdings in Mosaic Acquisition by 3.3% in the third quarter. K2 Principal Fund L.P. now owns 1,086,104 shares of the company’s stock valued at $11,219,000 after buying an additional 34,861 shares during the period. Mizuho Securities USA LLC acquired a new position in Mosaic Acquisition in the third quarter valued at approximately $516,000. Stifel Financial Corp boosted its stake in Mosaic Acquisition by 58.2% in the third quarter. Stifel Financial Corp now owns 156,517 shares of the company’s stock valued at $1,617,000 after acquiring an additional 57,550 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its stake in Mosaic Acquisition by 58.8% in the third quarter. Alberta Investment Management Corp now owns 1,349,999 shares of the company’s stock valued at $13,945,000 after acquiring an additional 500,000 shares during the last quarter.
In other news, CEO David M. Maura bought 4,058 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were bought at an average cost of $10.27 per share, for a total transaction of $41,675.66. Also, CEO David M. Maura bought 100,000 shares of the business’s stock in a transaction on Thursday, January 9th. The stock was purchased at an average price of $10.29 per share, for a total transaction of $1,029,000.00. Following the completion of the acquisition, the chief executive officer now owns 435,066 shares of the company’s stock, valued at approximately $4,476,829.14. The disclosure for this purchase can be found here. Insiders have bought a total of 104,308 shares of company stock valued at $1,073,226 over the last 90 days.
Several brokerages have commented on MOSC. Imperial Capital upped their target price on shares of Mosaic Acquisition from $12.00 to $12.50 and gave the company an “outperform” rating in a research report on Thursday, December 26th. They noted that the move was a valuation call. Zacks Investment Research upgraded Mosaic Acquisition from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th.
NASDAQ:MOSC traded down $0.29 during mid-day trading on Tuesday, hitting $9.90. The company had a trading volume of 176,921 shares, compared to its average volume of 405,327. Mosaic Acquisition Corp. has a fifty-two week low of $9.26 and a fifty-two week high of $10.71. The company has a fifty day moving average price of $10.20.
About Mosaic Acquisition
Mosaic Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2017 and is based in New York, New York.
Further Reading: How is the LIBOR rate calculated?
Want to see what other hedge funds are holding MOSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mosaic Acquisition Corp. (NASDAQ:MOSC).
Receive News & Ratings for Mosaic Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.