Governors Lane LP purchased a new position in Dynamix Corp III (NASDAQ:DNMX – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 150,000 shares of the company’s stock, valued at approximately $1,484,000. Governors Lane LP owned about 0.64% of Dynamix Corp III as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Dynamix Corp III in the fourth quarter worth about $2,967,000. Periscope Capital Inc. bought a new stake in shares of Dynamix Corp III in the 4th quarter worth approximately $5,192,000. Picton Mahoney Asset Management bought a new stake in shares of Dynamix Corp III in the 4th quarter worth approximately $2,967,000. Mint Tower Capital Management B.V. purchased a new position in shares of Dynamix Corp III during the fourth quarter valued at approximately $989,000. Finally, StoneX Group Inc. bought a new position in shares of Dynamix Corp III during the fourth quarter valued at approximately $1,820,000.
Dynamix Corp III Price Performance
DNMX stock opened at $10.01 on Thursday. Dynamix Corp III has a fifty-two week low of $9.87 and a fifty-two week high of $10.03. The stock has a market cap of $233.53 million and a P/E ratio of -1,001.00. The stock’s 50 day moving average price is $9.99.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings initiated coverage on Dynamix Corp III in a research note on Monday, June 8th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Dynamix Corp III presently has an average rating of “Sell”.
Get Our Latest Research Report on DNMX
About Dynamix Corp III
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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