BCK Capital Management LP Invests $521,000 in SIM Acquisition Corp. I $SIMA

BCK Capital Management LP acquired a new stake in shares of SIM Acquisition Corp. I (NASDAQ:SIMA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 50,000 shares of the company’s stock, valued at approximately $521,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC lifted its holdings in SIM Acquisition Corp. I by 399.6% during the first quarter. Mizuho Securities USA LLC now owns 120,000 shares of the company’s stock valued at $1,214,000 after purchasing an additional 95,983 shares in the last quarter. Wealthspring Capital LLC increased its stake in shares of SIM Acquisition Corp. I by 131.4% in the second quarter. Wealthspring Capital LLC now owns 631,296 shares of the company’s stock worth $6,579,000 after purchasing an additional 358,526 shares in the last quarter. Wolverine Asset Management LLC raised its position in shares of SIM Acquisition Corp. I by 14.2% during the 1st quarter. Wolverine Asset Management LLC now owns 706,302 shares of the company’s stock valued at $7,218,000 after purchasing an additional 87,845 shares during the period. Finally, Westchester Capital Management LLC lifted its stake in shares of SIM Acquisition Corp. I by 73.1% during the 1st quarter. Westchester Capital Management LLC now owns 1,125,000 shares of the company’s stock valued at $11,531,000 after buying an additional 475,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SIM Acquisition Corp. I in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SIM Acquisition Corp. I currently has an average rating of “Sell”.

SIM Acquisition Corp. I Trading Up 0.3%

SIM Acquisition Corp. I stock opened at $10.57 on Friday. SIM Acquisition Corp. I has a 1 year low of $9.98 and a 1 year high of $10.64. The firm’s 50 day moving average price is $10.52 and its 200-day moving average price is $10.44.

SIM Acquisition Corp. I Profile

SIM Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company primary focus on the healthcare industry. SIM Acquisition Corp.