Radcliffe Capital Management L.P. purchased a new stake in shares of Lafayette Acquisition Corp. (NASDAQ:LAFA – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $1,980,000. Radcliffe Capital Management L.P. owned about 1.46% of Lafayette Acquisition at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clear Street Group Inc. purchased a new position in shares of Lafayette Acquisition during the fourth quarter valued at approximately $1,273,000. Berkley W R Corp purchased a new stake in shares of Lafayette Acquisition in the fourth quarter worth approximately $1,473,000. First Trust Capital Management L.P. purchased a new stake in shares of Lafayette Acquisition in the fourth quarter worth approximately $2,970,000. Finally, Verition Fund Management LLC bought a new stake in shares of Lafayette Acquisition during the 4th quarter worth approximately $3,628,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Lafayette Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Lafayette Acquisition Price Performance
Shares of LAFA opened at $10.08 on Wednesday. Lafayette Acquisition Corp. has a 1-year low of $9.87 and a 1-year high of $10.20. The firm’s 50-day moving average is $10.04.
Lafayette Acquisition (NASDAQ:LAFA – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter.
Lafayette Acquisition Profile
Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank‑check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.
The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.
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