Wealthspring Capital LLC Has $11.17 Million Stock Position in GP-Act III Acquisition Corp. $GPAT

Wealthspring Capital LLC raised its stake in GP-Act III Acquisition Corp. (NASDAQ:GPAT) by 406.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,059,042 shares of the company’s stock after purchasing an additional 849,783 shares during the period. GP-Act III Acquisition makes up approximately 3.0% of Wealthspring Capital LLC’s holdings, making the stock its 6th biggest position. Wealthspring Capital LLC’s holdings in GP-Act III Acquisition were worth $11,173,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GPAT. Mizuho Securities USA LLC bought a new stake in GP-Act III Acquisition in the 1st quarter valued at $303,000. Wolverine Asset Management LLC boosted its holdings in GP-Act III Acquisition by 3.5% in the 1st quarter. Wolverine Asset Management LLC now owns 309,050 shares of the company’s stock valued at $3,192,000 after purchasing an additional 10,497 shares during the period. Finally, Westchester Capital Management LLC boosted its holdings in GP-Act III Acquisition by 27.6% in the 1st quarter. Westchester Capital Management LLC now owns 1,160,852 shares of the company’s stock valued at $11,992,000 after purchasing an additional 250,852 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GPAT. Wall Street Zen raised shares of GP-Act III Acquisition to a “hold” rating in a report on Saturday, July 12th. Weiss Ratings restated a “sell (d)” rating on shares of GP-Act III Acquisition in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

GP-Act III Acquisition Trading Up 0.5%

Shares of GP-Act III Acquisition stock opened at $10.70 on Wednesday. The company has a 50-day simple moving average of $10.62 and a 200 day simple moving average of $10.55. GP-Act III Acquisition Corp. has a 12-month low of $10.07 and a 12-month high of $10.71.

GP-Act III Acquisition Profile

GP-Act III Acquisition Corp. operates as a blank check company, which was created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on November 23, 2020 and is headquartered in New York, NY.