650,000 Shares in GigInternational1, Inc. $GIW Acquired by Radcliffe Capital Management L.P.

Radcliffe Capital Management L.P. purchased a new stake in GigInternational1, Inc. (NASDAQ:GIW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 650,000 shares of the company’s stock, valued at approximately $6,432,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GIW. Wolverine Asset Management LLC acquired a new stake in shares of GigInternational1 in the fourth quarter worth $3,824,000. Yakira Capital Management Inc. acquired a new position in shares of GigInternational1 during the 4th quarter valued at $9,376,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in GigInternational1 during the 4th quarter worth $2,968,000. Mercuria Capital Strategies LLC purchased a new stake in GigInternational1 during the 4th quarter worth $3,709,000. Finally, Clear Street Group Inc. acquired a new stake in GigInternational1 in the 4th quarter valued at $3,431,000. 14.01% of the stock is owned by institutional investors and hedge funds.

GigInternational1 Price Performance

GIW opened at $10.07 on Wednesday. GigInternational1, Inc. has a twelve month low of $9.87 and a twelve month high of $10.09. The company has a fifty day simple moving average of $10.03 and a 200 day simple moving average of $9.98.

Analyst Ratings Changes

Separately, Weiss Ratings raised GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

GigInternational1 Profile

GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.