Lincoln Capital Corp Buys New Shares in Texas Ventures Acquisition III Corp $TVA

Lincoln Capital Corp bought a new position in shares of Texas Ventures Acquisition III Corp (NASDAQ:TVA) during the 1st quarter, HoldingsChannel.com reports. The fund bought 50,000 shares of the company’s stock, valued at approximately $520,000.

A number of other large investors have also bought and sold shares of TVA. Harraden Circle Investments LLC raised its holdings in shares of Texas Ventures Acquisition III by 172.3% during the fourth quarter. Harraden Circle Investments LLC now owns 1,066,667 shares of the company’s stock valued at $11,360,000 after purchasing an additional 675,000 shares during the period. Mercuria Capital Strategies LLC bought a new position in shares of Texas Ventures Acquisition III during the 4th quarter worth about $5,325,000. J. Goldman & Co LP grew its stake in shares of Texas Ventures Acquisition III by 38.9% in the 4th quarter. J. Goldman & Co LP now owns 1,216,321 shares of the company’s stock valued at $12,954,000 after buying an additional 340,735 shares during the period. Praetorian PR LLC bought a new stake in Texas Ventures Acquisition III in the 4th quarter valued at about $2,077,000. Finally, Jain Global LLC bought a new stake in Texas Ventures Acquisition III in the 4th quarter valued at about $1,065,000.

Analysts Set New Price Targets

TVA has been the topic of several recent research reports. Wall Street Zen lowered Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Texas Ventures Acquisition III Price Performance

Texas Ventures Acquisition III stock opened at $10.51 on Monday. Texas Ventures Acquisition III Corp has a 1-year low of $10.06 and a 1-year high of $12.27. The firm’s fifty day moving average price is $10.48 and its two-hundred day moving average price is $10.54.

Texas Ventures Acquisition III (NASDAQ:TVA) last issued its quarterly earnings data on Wednesday, April 15th. The company reported $0.17 earnings per share (EPS) for the quarter.

Texas Ventures Acquisition III Company Profile

Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.