Plum Acquisition Corp. IV (NASDAQ:PLMK) Posts Quarterly Earnings Results

Plum Acquisition Corp. IV (NASDAQ:PLMK) announced its earnings results on Thursday. The company reported $0.07 EPS for the quarter, FiscalAI reports.

Plum Acquisition Corp. IV Price Performance

NASDAQ PLMK remained flat at $10.44 during trading hours on Friday. 17,207 shares of the company’s stock were exchanged, compared to its average volume of 87,892. Plum Acquisition Corp. IV has a 52 week low of $9.94 and a 52 week high of $10.58. The firm has a fifty day moving average price of $10.36 and a 200-day moving average price of $10.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Radcliffe Capital Management L.P. increased its holdings in shares of Plum Acquisition Corp. IV by 36.6% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 425,330 shares of the company’s stock valued at $4,389,000 after acquiring an additional 113,975 shares during the last quarter. BCK Capital Management LP increased its stake in Plum Acquisition Corp. IV by 3.3% in the third quarter. BCK Capital Management LP now owns 103,313 shares of the company’s stock valued at $1,066,000 after purchasing an additional 3,313 shares during the last quarter. Moore Capital Management LP acquired a new stake in Plum Acquisition Corp. IV during the second quarter worth approximately $772,000. Berkley W R Corp raised its holdings in Plum Acquisition Corp. IV by 34.9% during the second quarter. Berkley W R Corp now owns 768,888 shares of the company’s stock worth $7,896,000 after purchasing an additional 199,045 shares in the last quarter. Finally, Karpus Management Inc. lifted its position in shares of Plum Acquisition Corp. IV by 52.1% during the 2nd quarter. Karpus Management Inc. now owns 685,225 shares of the company’s stock worth $7,037,000 after buying an additional 234,625 shares during the last quarter.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a blank check company, which was established for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on June 10, 2024 and is headquartered in San Francisco, CA.