Mizuho Securities USA LLC Invests $303,000 in GP-Act III Acquisition Corp. (NASDAQ:GPAT)

Mizuho Securities USA LLC purchased a new position in GP-Act III Acquisition Corp. (NASDAQ:GPAT) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $303,000.

A number of other institutional investors also recently made changes to their positions in GPAT. Citadel Advisors LLC bought a new stake in shares of GP-Act III Acquisition in the 4th quarter worth approximately $103,000. Westchester Capital Management LLC raised its holdings in shares of GP-Act III Acquisition by 65.5% during the fourth quarter. Westchester Capital Management LLC now owns 910,000 shares of the company’s stock valued at $9,227,000 after acquiring an additional 360,000 shares during the period. Toronto Dominion Bank acquired a new stake in shares of GP-Act III Acquisition during the fourth quarter valued at approximately $3,223,000. D. E. Shaw & Co. Inc. raised its holdings in shares of GP-Act III Acquisition by 43.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,237,500 shares of the company’s stock valued at $12,573,000 after acquiring an additional 377,727 shares during the period. Finally, Wolverine Asset Management LLC raised its holdings in shares of GP-Act III Acquisition by 3.5% during the first quarter. Wolverine Asset Management LLC now owns 309,050 shares of the company’s stock valued at $3,192,000 after acquiring an additional 10,497 shares during the period.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of GP-Act III Acquisition to a “hold” rating in a report on Saturday, July 12th.

GP-Act III Acquisition Stock Performance

GPAT stock opened at $10.56 on Thursday. GP-Act III Acquisition Corp. has a 52-week low of $10.00 and a 52-week high of $10.64. The company’s 50 day simple moving average is $10.56 and its 200-day simple moving average is $10.42.

GP-Act III Acquisition Profile

GP-Act III Acquisition Corp. operates as a blank check company, which was created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on November 23, 2020 and is headquartered in New York, NY.