Polar Asset Management Partners Inc. acquired a new position in LightWave Acquisition Corp. (NASDAQ:LWAC – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 357,500 shares of the company’s stock, valued at approximately $3,646,000. Polar Asset Management Partners Inc. owned about 1.19% of LightWave Acquisition at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of LWAC. PenderFund Capital Management Ltd. acquired a new position in LightWave Acquisition during the 4th quarter valued at $102,000. Quarry LP bought a new position in shares of LightWave Acquisition during the 4th quarter worth about $246,000. Berkley W R Corp increased its holdings in shares of LightWave Acquisition by 11.1% during the 4th quarter. Berkley W R Corp now owns 248,050 shares of the company’s stock worth $2,488,000 after purchasing an additional 24,872 shares during the period. ABC Arbitrage SA acquired a new position in shares of LightWave Acquisition during the fourth quarter valued at about $351,000. Finally, Wolverine Asset Management LLC raised its position in shares of LightWave Acquisition by 40.3% during the fourth quarter. Wolverine Asset Management LLC now owns 140,302 shares of the company’s stock valued at $1,410,000 after buying an additional 40,272 shares during the last quarter.
LightWave Acquisition Trading Up 0.1%
LWAC opened at $10.24 on Monday. The firm’s fifty day moving average price is $10.23 and its two-hundred day moving average price is $10.16. LightWave Acquisition Corp. has a fifty-two week low of $9.81 and a fifty-two week high of $10.28.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
View Our Latest Stock Report on LightWave Acquisition
LightWave Acquisition Profile
Locust Walk 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 Boston, Massachusetts.
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