120,317 Shares in Dynamix Corp III $DNMX Acquired by K2 Principal Fund L.P.

K2 Principal Fund L.P. purchased a new position in Dynamix Corp III (NASDAQ:DNMX) during the 4th quarter, HoldingsChannel reports. The firm purchased 120,317 shares of the company’s stock, valued at approximately $1,190,000.

Other hedge funds have also made changes to their positions in the company. Bulldog Investors LLP bought a new stake in shares of Dynamix Corp III in the 4th quarter worth approximately $494,000. Mint Tower Capital Management B.V. bought a new stake in shares of Dynamix Corp III in the 4th quarter worth approximately $989,000. DLD Asset Management LP bought a new stake in shares of Dynamix Corp III in the 4th quarter worth approximately $1,041,000. Berkley W R Corp bought a new stake in shares of Dynamix Corp III in the 4th quarter worth approximately $1,471,000. Finally, StoneX Group Inc. bought a new stake in shares of Dynamix Corp III in the 4th quarter worth approximately $1,820,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Dynamix Corp III in a research report on Monday, June 8th. They issued a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Dynamix Corp III has an average rating of “Sell”.

Dynamix Corp III Stock Performance

DNMX opened at $10.02 on Friday. Dynamix Corp III has a 12 month low of $9.87 and a 12 month high of $10.03. The firm has a market cap of $233.77 million and a PE ratio of -1,002.00. The firm has a 50 day simple moving average of $9.98.

Dynamix Corp III (NASDAQ:DNMX) last posted its earnings results on Friday, March 20th. The company reported $0.07 EPS for the quarter.

Dynamix Corp III Profile

We are a blank check company incorporated 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. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.