Mercuria Capital Strategies LLC Acquires Shares of 375,000 GigInternational1, Inc. $GIW

Mercuria Capital Strategies LLC acquired a new stake in GigInternational1, Inc. (NASDAQ:GIW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 375,000 shares of the company’s stock, valued at approximately $3,709,000. GigInternational1 accounts for approximately 3.1% of Mercuria Capital Strategies LLC’s investment portfolio, making the stock its 13th biggest position. Mercuria Capital Strategies LLC owned 1.38% of GigInternational1 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC bought a new position in shares of GigInternational1 during the 4th quarter worth $193,000. ABC Arbitrage SA bought a new position in shares of GigInternational1 during the 4th quarter worth $396,000. Gritstone Asset Management LLC bought a new position in shares of GigInternational1 during the 4th quarter worth $494,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of GigInternational1 during the 4th quarter worth $2,968,000. Finally, Periscope Capital Inc. bought a new position in shares of GigInternational1 during the 4th quarter worth $3,551,000. Institutional investors own 14.01% of the company’s stock.

GigInternational1 Stock Performance

GIW stock opened at $10.05 on Friday. GigInternational1, Inc. has a fifty-two week low of $9.87 and a fifty-two week high of $10.09. The stock has a fifty day moving average of $10.02 and a 200-day moving average of $9.97.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

GigInternational1 Profile

GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.