Hound Partners LLC Purchases New Stake in MCAP Acquisition Co. (NASDAQ:MACQU)

Hound Partners LLC purchased a new stake in MCAP Acquisition Co. (NASDAQ:MACQU) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 150,000 shares of the company’s stock, valued at approximately $1,493,000.

Other institutional investors have also added to or reduced their stakes in the company. Caas Capital Management LP bought a new position in MCAP Acquisition in the first quarter valued at about $995,000. Walleye Trading LLC bought a new position in MCAP Acquisition in the first quarter valued at about $597,000. Black Maple Capital Management LP bought a new position in MCAP Acquisition in the first quarter valued at about $945,000. Rivernorth Capital Management LLC bought a new position in MCAP Acquisition in the first quarter valued at about $249,000. Finally, Sphera Funds Management LTD. bought a new position in MCAP Acquisition in the first quarter valued at about $995,000.

MCAP Acquisition stock traded up $0.01 during midday trading on Thursday, reaching $10.08. The company’s stock had a trading volume of 502 shares, compared to its average volume of 146,767. MCAP Acquisition Co. has a 52 week low of $9.77 and a 52 week high of $10.15. The firm’s 50-day moving average is $9.98.

MCAP Acquisition Company Profile

MCAP Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses. The company was incorporated in 2020 and is based in Chicago, Illinois.

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Institutional Ownership by Quarter for MCAP Acquisition (NASDAQ:MACQU)

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