Radcliffe Capital Management L.P. Acquires New Position in IG Acquisition Corp. $IGAC

Radcliffe Capital Management L.P. acquired a new stake in shares of IG Acquisition Corp. (NASDAQ:IGAC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 550,000 shares of the company’s stock, valued at approximately $5,412,000. Radcliffe Capital Management L.P. owned approximately 0.05% of IG Acquisition as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Berkley W R Corp bought a new stake in shares of IG Acquisition in the 4th quarter valued at approximately $975,000. StoneX Group Inc. acquired a new position in IG Acquisition in the fourth quarter worth $1,121,000. Clear Street Group Inc. bought a new stake in IG Acquisition during the fourth quarter valued at $2,289,000. Verition Fund Management LLC bought a new position in shares of IG Acquisition in the 4th quarter worth about $2,460,000. Finally, Hudson Bay Capital Management LP acquired a new position in shares of IG Acquisition in the 4th quarter valued at about $2,523,000. Institutional investors own 38.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

IG Acquisition Price Performance

Shares of NASDAQ IGAC opened at $10.01 on Wednesday. IG Acquisition Corp. has a 12-month low of $9.82 and a 12-month high of $10.02. The stock’s 50 day simple moving average is $9.97 and its 200 day simple moving average is $9.96.

IG Acquisition (NASDAQ:IGAC) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter.

IG Acquisition Company Profile

IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.