Governors Lane LP purchased a new stake in IG Acquisition Corp. (NASDAQ:IGAC – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 50,000 shares of the company’s stock, valued at approximately $492,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Meteora Capital LLC acquired a new position in IG Acquisition in the 4th quarter valued at about $300,000. Berkley W R Corp acquired a new position in IG Acquisition in the 4th quarter valued at about $975,000. StoneX Group Inc. acquired a new position in IG Acquisition in the 4th quarter valued at about $1,121,000. Clear Street Group Inc. acquired a new position in IG Acquisition in the 4th quarter valued at about $2,289,000. Finally, Verition Fund Management LLC acquired a new position in IG Acquisition in the 4th quarter valued at about $2,460,000. Institutional investors and hedge funds own 38.82% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, IG Acquisition has an average rating of “Sell”.
IG Acquisition Price Performance
Shares of IGAC stock opened at $10.01 on Thursday. The stock has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $9.96. IG Acquisition Corp. has a 12-month low of $9.82 and a 12-month high of $10.02.
IG Acquisition (NASDAQ:IGAC – Get Free Report) last issued its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.
About IG Acquisition
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.
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