Radcliffe Capital Management L.P. Boosts Stock Position in LightWave Acquisition Corp. $LWAC

Radcliffe Capital Management L.P. raised its stake in shares of LightWave Acquisition Corp. (NASDAQ:LWAC) by 18.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 564,160 shares of the company’s stock after buying an additional 89,160 shares during the quarter. Radcliffe Capital Management L.P.’s holdings in LightWave Acquisition were worth $5,664,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of LightWave Acquisition in the fourth quarter worth $246,000. ABC Arbitrage SA purchased a new position in shares of LightWave Acquisition in the 4th quarter worth about $351,000. Gabelli Funds LLC purchased a new position in shares of LightWave Acquisition in the 3rd quarter worth about $444,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in LightWave Acquisition in the 3rd quarter worth about $551,000. Finally, L1 Global Manager Pty Ltd bought a new position in LightWave Acquisition in the 4th quarter worth about $752,000.

LightWave Acquisition Trading Up 0.1%

Shares of LWAC opened at $10.27 on Wednesday. The business’s fifty day simple moving average is $10.20 and its two-hundred day simple moving average is $10.13. LightWave Acquisition Corp. has a 12 month low of $9.81 and a 12 month high of $10.26.

LightWave Acquisition (NASDAQ:LWAC) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.06 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

About LightWave Acquisition

Locust Walk 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 Boston, Massachusetts.