Cayson Acquisition (NASDAQ:CAPN) Announces Earnings Results

Cayson Acquisition (NASDAQ:CAPN) announced its quarterly earnings results on Friday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports.

Cayson Acquisition Trading Up 0.4%

Shares of NASDAQ:CAPN traded up $0.05 on Friday, hitting $11.15. The company had a trading volume of 24,914 shares, compared to its average volume of 2,844. The firm’s 50-day simple moving average is $11.08 and its two-hundred day simple moving average is $10.94. Cayson Acquisition has a 1 year low of $10.32 and a 1 year high of $11.44.

Hedge Funds Weigh In On Cayson Acquisition

Institutional investors have recently bought and sold shares of the stock. Clear Street Group Inc. lifted its holdings in Cayson Acquisition by 7.6% in the fourth quarter. Clear Street Group Inc. now owns 107,793 shares of the company’s stock worth $1,147,000 after buying an additional 7,601 shares during the period. Crossingbridge Advisors LLC purchased a new position in shares of Cayson Acquisition during the 4th quarter worth approximately $92,000. Quarry LP bought a new position in shares of Cayson Acquisition in the 3rd quarter worth approximately $152,000. Radcliffe Capital Management L.P. bought a new position in shares of Cayson Acquisition in the 2nd quarter worth approximately $280,000. Finally, Karpus Management Inc. lifted its stake in shares of Cayson Acquisition by 10.6% in the 2nd quarter. Karpus Management Inc. now owns 292,508 shares of the company’s stock valued at $3,007,000 after purchasing an additional 28,102 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cayson Acquisition in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Cayson Acquisition

Cayson Acquisition Corp. is a Cayman Islands–incorporated blank check company formed in early 2021 to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021 and is listed on the Nasdaq under the ticker symbol CAPN. As a special purpose acquisition company, Cayson Acquisition currently holds its capital in a trust account pending the execution of a qualifying transaction.

The company’s management team is focused on identifying high-growth opportunities across a range of industries, including technology, healthcare, consumer products and business services.