Context Capital Management LLC acquired a new position in Dynamix Corp III (NASDAQ:DNMX – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 300,000 shares of the company’s stock, valued at approximately $2,967,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bulldog Investors LLP acquired a new stake in Dynamix Corp III in the fourth quarter valued at approximately $494,000. Mint Tower Capital Management B.V. acquired a new position in shares of Dynamix Corp III during the 4th quarter worth $989,000. DLD Asset Management LP bought a new position in shares of Dynamix Corp III during the 4th quarter valued at $1,041,000. Berkley W R Corp bought a new position in shares of Dynamix Corp III during the 4th quarter valued at $1,471,000. Finally, StoneX Group Inc. acquired a new stake in shares of Dynamix Corp III in the 4th quarter valued at $1,820,000.
Dynamix Corp III Price Performance
Shares of Dynamix Corp III stock opened at $10.02 on Friday. The company has a market capitalization of $233.77 million and a PE ratio of -1,002.00. The stock’s 50 day moving average is $9.98. Dynamix Corp III has a 12-month low of $9.87 and a 12-month high of $10.03.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings assumed coverage on shares of Dynamix Corp III in a report on Monday, June 8th. They issued a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Dynamix Corp III currently has an average rating of “Sell”.
View Our Latest Report on Dynamix Corp III
Dynamix Corp III Profile
We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
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