MMCAP International Inc. SPC purchased a new stake in LightWave Acquisition Corp. (NASDAQ:LWAC – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $2,508,000.
Other large investors also recently modified their holdings of the company. ABC Arbitrage SA bought a new position in shares of LightWave Acquisition in the 4th quarter valued at $351,000. Gabelli Funds LLC bought a new position in shares of LightWave Acquisition in the 3rd quarter valued at $444,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of LightWave Acquisition in the 3rd quarter valued at $551,000. ATW Spac Management LLC bought a new position in shares of LightWave Acquisition in the 3rd quarter valued at $866,000. Finally, Boothbay Fund Management LLC bought a new position in shares of LightWave Acquisition in the 3rd quarter valued at $866,000.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.
LightWave Acquisition Stock Down 0.1%
Shares of NASDAQ:LWAC opened at $10.19 on Wednesday. LightWave Acquisition Corp. has a 12-month low of $9.81 and a 12-month high of $10.21. The business has a fifty day simple moving average of $10.18 and a 200 day simple moving average of $10.11.
LightWave Acquisition (NASDAQ:LWAC – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.
About LightWave Acquisition
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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