Context Capital Management LLC Makes New $2.08 Million Investment in Indigo Acquisition Corp. $INAC

Context Capital Management LLC bought a new position in Indigo Acquisition Corp. (NASDAQ:INAC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $2,076,000.

Separately, Robinson Capital Management LLC acquired a new stake in shares of Indigo Acquisition in the 2nd quarter worth about $143,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Indigo Acquisition in a research report on Friday, October 30th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Indigo Acquisition presently has an average rating of “Sell”.

Indigo Acquisition Stock Up 0.6%

Shares of Indigo Acquisition stock opened at $10.48 on Wednesday. The business’s fifty day moving average price is $10.38 and its two-hundred day moving average price is $10.26. Indigo Acquisition Corp. has a 1-year low of $10.01 and a 1-year high of $10.45.

Indigo Acquisition (NASDAQ:INAC) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.06 earnings per share (EPS) for the quarter.

Indigo Acquisition Profile

Indigo Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with an operating company. Its potential transaction could take the form of a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. Unlike an operating company, Indigo Acquisition Corp. does not appear to have established products, services or significant commercial operations of its own. Its activities are primarily focused on evaluating prospective acquisition targets and pursuing a transaction that would allow a target business to become publicly traded.