Mint Tower Capital Management B.V. purchased a new position in shares of LightWave Acquisition Corp. (NASDAQ:LWAC – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $2,006,000.
Several other hedge funds have also made changes to their positions in LWAC. ABC Arbitrage SA acquired a new stake in shares of LightWave Acquisition in the fourth quarter valued at $351,000. Gabelli Funds LLC acquired a new stake in shares of LightWave Acquisition in the third quarter valued at $444,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of LightWave Acquisition in the third quarter valued at $551,000. ATW Spac Management LLC acquired a new stake in shares of LightWave Acquisition in the third quarter valued at $866,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of LightWave Acquisition in the third quarter valued at $866,000.
LightWave Acquisition Stock Down 0.1%
Shares of NASDAQ:LWAC opened at $10.20 on Friday. The firm’s 50 day moving average price is $10.19 and its 200 day moving average price is $10.12. LightWave Acquisition Corp. has a fifty-two week low of $9.81 and a fifty-two week high of $10.21.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on LightWave Acquisition
LightWave Acquisition Profile
Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.
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