Context Capital Management LLC Makes New Investment in FIGX Capital Acquisition Corp. $FIGX

Context Capital Management LLC purchased a new position in FIGX Capital Acquisition Corp. (NASDAQ:FIGX – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $2,580,000. Context Capital Management LLC owned 1.29% of FIGX Capital Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Sona Asset Management US LLC purchased a new stake in shares of FIGX Capital Acquisition in the first quarter worth $1,090,000.

FIGX Capital Acquisition Stock Performance

FIGX stock opened at $10.38 on Wednesday. The company’s 50 day moving average is $10.35 and its 200 day moving average is $10.24. FIGX Capital Acquisition Corp. has a 1-year low of $10.04 and a 1-year high of $10.39.

FIGX Capital Acquisition (NASDAQ:FIGX – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.07 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised FIGX Capital Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, FIGX Capital Acquisition has a consensus rating of “Sell”.

Get Our Latest Stock Report on FIGX

About FIGX Capital Acquisition

(Free Report)

FIGX Capital Acquisition Corp. is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more operating businesses through a merger, acquisition, share exchange, asset acquisition, reorganization, or similar transaction. Unlike an operating company, FIGX Capital Acquisition Corp. does not appear to provide products or services directly to customers. Its principal activities are focused on raising capital, evaluating potential acquisition targets, and completing a qualifying transaction.

Further Reading

Institutional Ownership by Quarter for FIGX Capital Acquisition (NASDAQ:FIGX)

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