Tuttle Capital Management LLC Makes New $425,000 Investment in Southport Acquisition Co. (NYSE:PORT)

Tuttle Capital Management LLC purchased a new position in Southport Acquisition Co. (NYSE:PORT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,000 shares of the company’s stock, valued at approximately $425,000. Southport Acquisition comprises 2.3% of Tuttle Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Tuttle Capital Management LLC owned about 0.40% of Southport Acquisition as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meteora Capital LLC acquired a new stake in shares of Southport Acquisition during the 4th quarter valued at about $323,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Southport Acquisition during the 2nd quarter valued at about $827,000. Shaolin Capital Management LLC acquired a new stake in shares of Southport Acquisition during the 1st quarter valued at about $1,778,000. Bank of America Corp DE acquired a new position in Southport Acquisition in the first quarter valued at about $5,365,000. Finally, Westchester Capital Management LLC boosted its position in Southport Acquisition by 69.2% in the second quarter. Westchester Capital Management LLC now owns 1,354,813 shares of the company’s stock valued at $14,212,000 after buying an additional 554,262 shares in the last quarter. 56.15% of the stock is currently owned by institutional investors and hedge funds.

Southport Acquisition Price Performance

NYSE:PORT traded down $0.06 on Monday, reaching $10.86. The stock had a trading volume of 1,670 shares, compared to its average volume of 32,421. Southport Acquisition Co. has a 1-year low of $10.34 and a 1-year high of $12.00. The stock has a fifty day moving average price of $10.73 and a 200-day moving average price of $10.64.

About Southport Acquisition

Southport Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify business opportunities in the field of financial software space with a focus on mortgage and real estate verticals.