Gritstone Asset Management LLC purchased a new stake in IG Acquisition Corp. (NASDAQ:IGAC – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $495,000. Gritstone Asset Management LLC owned about 0.50% of IG Acquisition as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in IGAC. ABC Arbitrage SA purchased a new stake in shares of IG Acquisition during the first quarter worth about $396,000. TrueMark Investments LLC purchased a new position in shares of IG Acquisition in the 1st quarter valued at approximately $142,000. Virtu Financial LLC purchased a new position in shares of IG Acquisition in the 4th quarter valued at approximately $402,000. Governors Lane LP acquired a new stake in IG Acquisition in the 4th quarter worth approximately $492,000. Finally, Meteora Capital LLC acquired a new stake in IG Acquisition in the 4th quarter worth approximately $300,000. Institutional investors and hedge funds own 38.82% of the company’s stock.
IG Acquisition Stock Performance
Shares of IGAC stock opened at $10.04 on Friday. The business has a fifty day moving average of $10.01 and a 200 day moving average of $9.95. IG Acquisition Corp. has a 1 year low of $9.82 and a 1 year high of $10.05.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on IG Acquisition
About IG Acquisition
IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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