DLD Asset Management LP bought a new position in shares of A Paradise Acquisition Corp. (NASDAQ:APAD – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 97,130 shares of the company’s stock, valued at approximately $988,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in APAD. Arax Advisory Partners bought a new stake in shares of A Paradise Acquisition in the fourth quarter valued at approximately $39,000. Virtu Financial LLC bought a new position in A Paradise Acquisition during the 4th quarter worth $216,000. HRT Financial LP bought a new position in A Paradise Acquisition during the 4th quarter worth $249,000. Geode Capital Management LLC acquired a new position in A Paradise Acquisition in the 4th quarter valued at $263,000. Finally, First Trust Capital Management L.P. acquired a new position in A Paradise Acquisition in the 4th quarter valued at $502,000.
A Paradise Acquisition Stock Performance
A Paradise Acquisition stock opened at $8.03 on Thursday. A Paradise Acquisition Corp. has a 12-month low of $7.50 and a 12-month high of $14.00. The company has a 50-day simple moving average of $8.03.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
Get Our Latest Research Report on A Paradise Acquisition
A Paradise Acquisition Company Profile
A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.
Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.
See Also
- Five stocks we like better than A Paradise Acquisition
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Want to see what other hedge funds are holding APAD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A Paradise Acquisition Corp. (NASDAQ:APAD – Free Report).
Receive News & Ratings for A Paradise Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A Paradise Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
