L1 Global Manager Pty Ltd purchased a new position in BEST SPAC I Acquisition Corp. (NASDAQ:BSAA – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $506,000. L1 Global Manager Pty Ltd owned approximately 0.68% of BEST SPAC I Acquisition as of its most recent SEC filing.
Separately, Wolverine Asset Management LLC increased its position in BEST SPAC I Acquisition by 39.8% in the fourth quarter. Wolverine Asset Management LLC now owns 525,982 shares of the company’s stock worth $5,328,000 after buying an additional 149,612 shares in the last quarter.
BEST SPAC I Acquisition Price Performance
NASDAQ:BSAA opened at $12.88 on Friday. BEST SPAC I Acquisition Corp. has a 12-month low of $9.82 and a 12-month high of $15.09. The stock’s 50-day simple moving average is $10.88.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded BEST SPAC I Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
Read Our Latest Stock Report on BSAA
BEST SPAC I Acquisition Profile
BEST SPAC I Acquisition Corp. (NASDAQ: BSAA) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and merge with one or more operating businesses. As a blank‑check company listed on the Nasdaq, its primary business activity is to seek a business combination that will result in the target becoming a publicly traded company through the SPAC vehicle.
Like other SPACs, BEST SPAC I is structured to raise capital from public investors and hold the proceeds in trust while management evaluates potential acquisition targets.
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