Periscope Capital Inc. lifted its stake in FIGX Capital Acquisition Corp. (NASDAQ:FIGX – Free Report) by 27.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 444,400 shares of the company’s stock after purchasing an additional 94,400 shares during the quarter. Periscope Capital Inc. owned about 2.29% of FIGX Capital Acquisition worth $4,471,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. ABC Arbitrage SA bought a new stake in shares of FIGX Capital Acquisition in the 4th quarter worth approximately $302,000. Wolverine Asset Management LLC boosted its position in shares of FIGX Capital Acquisition by 32.7% in the 4th quarter. Wolverine Asset Management LLC now owns 170,033 shares of the company’s stock worth $1,711,000 after purchasing an additional 41,929 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of FIGX Capital Acquisition in the 4th quarter worth approximately $3,150,000. MMCAP International Inc. SPC bought a new stake in shares of FIGX Capital Acquisition in the 4th quarter worth approximately $5,030,000. Finally, Wealthspring Capital LLC bought a new position in FIGX Capital Acquisition in the 4th quarter valued at approximately $5,122,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised FIGX Capital Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
FIGX Capital Acquisition Stock Performance
Shares of NASDAQ:FIGX opened at $10.22 on Friday. The stock has a 50-day moving average price of $10.17. FIGX Capital Acquisition Corp. has a 52-week low of $9.95 and a 52-week high of $10.22.
FIGX Capital Acquisition Profile
We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.
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