Starboard Value Acquisition (NASDAQ:SVAC – Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($13.80) earnings per share for the quarter, FiscalAI reports.
Starboard Value Acquisition Price Performance
SVAC traded up $0.06 during trading hours on Friday, hitting $10.52. 125,849 shares of the company’s stock were exchanged, compared to its average volume of 287,623. Starboard Value Acquisition has a 12-month low of $10.03 and a 12-month high of $12.00. The firm has a 50 day moving average of $10.29 and a 200 day moving average of $10.37.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cannon Global Investment Management LLC acquired a new stake in shares of Starboard Value Acquisition in the first quarter valued at about $279,000. Virtu Financial LLC purchased a new stake in shares of Starboard Value Acquisition during the fourth quarter worth about $186,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Starboard Value Acquisition during the fourth quarter worth about $10,150,000. Toronto Dominion Bank purchased a new stake in Starboard Value Acquisition in the fourth quarter valued at approximately $852,000. Finally, Saba Capital Management L.P. purchased a new stake in Starboard Value Acquisition in the fourth quarter valued at approximately $2,540,000.
Starboard Value Acquisition Company Profile
Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.
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