Harraden Circle Investments LLC Makes New $657,000 Investment in Gores Holdings X, Inc. / CI $GTEN

Harraden Circle Investments LLC acquired a new stake in Gores Holdings X, Inc. / CI (NASDAQ:GTEN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 63,000 shares of the company’s stock, valued at approximately $657,000. Harraden Circle Investments LLC owned approximately 0.14% of Gores Holdings X, Inc. / CI as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Lineage Point Capital LP acquired a new position in shares of Gores Holdings X, Inc. / CI during the fourth quarter worth $2,618,000. Governors Lane LP grew its holdings in Gores Holdings X, Inc. / CI by 91.2% during the 4th quarter. Governors Lane LP now owns 672,658 shares of the company’s stock valued at $6,895,000 after purchasing an additional 320,858 shares in the last quarter. Sona Asset Management US LLC acquired a new stake in Gores Holdings X, Inc. / CI during the 1st quarter valued at $1,631,000. Rivernorth Capital Management LLC increased its stake in Gores Holdings X, Inc. / CI by 33.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 198,748 shares of the company’s stock worth $2,037,000 after buying an additional 50,000 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Gores Holdings X, Inc. / CI during the 4th quarter worth $270,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Gores Holdings X, Inc. / CI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gores Holdings X, Inc. / CI has an average rating of “Sell”.

Gores Holdings X, Inc. / CI Trading Down 0.4%

GTEN stock opened at $10.63 on Friday. Gores Holdings X, Inc. / CI has a twelve month low of $10.15 and a twelve month high of $10.99. The company has a market capitalization of $479.43 million, a P/E ratio of 75.96 and a beta of 0.11. The firm has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $10.40.

Gores Holdings X, Inc. / CI Company Profile

Gores Holdings X, Inc (NASDAQ: GTEN) is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank‑check company, GTEN’s principal activity is to identify, evaluate and complete a merger, asset acquisition, stock purchase, reorganization or similar business combination that would result in a publicly traded combined company.

Prior to completing a business combination, Gores Holdings X does not operate commercial businesses; its operations typically consist of raising capital through an initial public offering, maintaining funds in a trust account, and conducting diligence and negotiations with potential targets.