Wealthspring Capital LLC acquired a new position in shares of Duddell Street Acquisition Corp. (NASDAQ:DSAC – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 281,250 shares of the company’s stock, valued at approximately $2,852,000.
Separately, T3 Companies LLC purchased a new stake in Duddell Street Acquisition in the third quarter valued at approximately $142,000. Hedge funds and other institutional investors own 65.07% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on DSAC shares. Weiss Ratings upgraded shares of Duddell Street Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 13th. Wall Street Zen raised shares of Duddell Street Acquisition to a “hold” rating in a research note on Saturday, September 5th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Duddell Street Acquisition currently has a consensus rating of “Sell”.
View Our Latest Analysis on Duddell Street Acquisition
Duddell Street Acquisition Stock Performance
NASDAQ DSAC opened at $10.12 on Monday. The stock’s 50-day simple moving average is $10.14 and its two-hundred day simple moving average is $10.05. Duddell Street Acquisition Corp. has a twelve month low of $9.90 and a twelve month high of $10.47.
Duddell Street Acquisition Profile
Duddell Street Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more operating companies. Rather than selling products or services of its own, the company was established to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction.
The company’s stated acquisition strategy has focused on identifying businesses with operations or growth opportunities in sectors such as financial services, technology, media and telecommunications, consumer products and services, and healthcare.
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