Gritstone Asset Management LLC Buys New Shares in Dynamix Corp III $DNMX

Gritstone Asset Management LLC purchased a new position in shares of Dynamix Corp III (NASDAQ:DNMX) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company’s stock, valued at approximately $496,000.

Several other institutional investors have also recently modified their holdings of DNMX. Meteora Capital LLC purchased a new position in shares of Dynamix Corp III during the 4th quarter valued at about $19,295,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Dynamix Corp III during the fourth quarter worth approximately $15,577,000. Glazer Capital LLC purchased a new position in shares of Dynamix Corp III during the fourth quarter worth approximately $6,185,000. Magnetar Financial LLC bought a new stake in shares of Dynamix Corp III in the 4th quarter worth approximately $5,934,000. Finally, Verition Fund Management LLC bought a new stake in shares of Dynamix Corp III in the 4th quarter worth approximately $5,365,000.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Dynamix Corp III in a report on Monday, June 8th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Dynamix Corp III Stock Performance

NASDAQ DNMX opened at $10.02 on Friday. Dynamix Corp III has a 1-year low of $9.87 and a 1-year high of $10.04. The firm has a 50-day moving average of $10.01. The company has a market cap of $233.65 million and a price-to-earnings ratio of -1,001.50.

Dynamix Corp III (NASDAQ:DNMX) last issued its earnings results on Friday, March 20th. The company reported $0.07 earnings per share for the quarter.

Dynamix Corp III Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and 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, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.