DiamondHead Holdings Corp. (NASDAQ:DHHC – Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $6.27 and last traded at $6.27, with a volume of 13525 shares trading hands. The stock had previously closed at $6.41.
DiamondHead Stock Performance
The firm has a 50 day moving average price of $7.43 and a 200-day moving average price of $7.58.
Institutional Investors Weigh In On DiamondHead
Institutional investors have recently modified their holdings of the business. Sculptor Capital LP boosted its stake in DiamondHead by 19.2% during the 4th quarter. Sculptor Capital LP now owns 1,243,879 shares of the company’s stock worth $12,501,000 after acquiring an additional 200,000 shares during the last quarter. Meteora Capital LLC acquired a new stake in DiamondHead during the 4th quarter worth $434,000. Glazer Capital LLC raised its stake in DiamondHead by 3.7% during the 4th quarter. Glazer Capital LLC now owns 205,152 shares of the company’s stock worth $2,062,000 after buying an additional 7,252 shares during the period. Balyasny Asset Management LLC lifted its holdings in DiamondHead by 159.3% during the third quarter. Balyasny Asset Management LLC now owns 406,980 shares of the company’s stock worth $4,017,000 after acquiring an additional 250,000 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of DiamondHead by 846.5% in the third quarter. Jane Street Group LLC now owns 1,511,153 shares of the company’s stock worth $14,885,000 after acquiring an additional 1,351,488 shares in the last quarter. Institutional investors and hedge funds own 74.00% of the company’s stock.
About DiamondHead
DiamondHead Holdings Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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