Cayson Acquisition (NASDAQ:CAPN) Issues Earnings Results

Cayson Acquisition (NASDAQ:CAPN) issued its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Cayson Acquisition Price Performance

CAPN remained flat at $10.53 during trading hours on Friday. The company had a trading volume of 1,079 shares, compared to its average volume of 16,929. The business’s fifty day moving average is $10.47 and its 200-day moving average is $10.37. Cayson Acquisition has a 12-month low of $9.97 and a 12-month high of $10.76.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cayson Acquisition in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Cayson Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mizuho Securities USA LLC grew its position in Cayson Acquisition by 9.1% in the 1st quarter. Mizuho Securities USA LLC now owns 704,000 shares of the company’s stock valued at $7,110,000 after buying an additional 59,000 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Cayson Acquisition by 10.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 571,280 shares of the company’s stock worth $5,896,000 after acquiring an additional 56,173 shares during the period. Westchester Capital Management LLC bought a new position in shares of Cayson Acquisition in the first quarter valued at approximately $3,315,000. Karpus Management Inc. increased its stake in shares of Cayson Acquisition by 10.6% during the second quarter. Karpus Management Inc. now owns 292,508 shares of the company’s stock valued at $3,007,000 after acquiring an additional 28,102 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new stake in Cayson Acquisition during the first quarter worth approximately $2,805,000.

About Cayson Acquisition

Cayson Acquisition Corp is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Cayson Acquisition Corp is based in NEW YORK.