Context Capital Management LLC acquired a new position in shares of Starboard Value Acquisition Corp. (NASDAQ:SVAC – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 641,420 shares of the company’s stock, valued at approximately $6,517,000.
Several other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC purchased a new position in shares of Starboard Value Acquisition during the fourth quarter worth about $684,000. Gritstone Asset Management LLC acquired a new stake in shares of Starboard Value Acquisition during the fourth quarter worth about $1,015,000. DLD Asset Management LP acquired a new stake in shares of Starboard Value Acquisition during the fourth quarter worth about $1,041,000. Glazer Capital LLC acquired a new stake in shares of Starboard Value Acquisition during the fourth quarter worth about $1,311,000. Finally, Crossingbridge Advisors LLC acquired a new stake in shares of Starboard Value Acquisition during the fourth quarter worth about $1,542,000.
Starboard Value Acquisition Stock Performance
Shares of NASDAQ:SVAC opened at $10.33 on Friday. Starboard Value Acquisition Corp. has a 52 week low of $10.03 and a 52 week high of $12.00. The company has a 50-day moving average price of $10.42 and a 200 day moving average price of $10.39.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
View Our Latest Stock Analysis on Starboard Value Acquisition
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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