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

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

Plum Acquisition Corp. IV Price Performance

NASDAQ:PLMK traded down $0.01 during mid-day trading on Tuesday, hitting $10.55. 602 shares of the stock traded hands, compared to its average volume of 76,695. The business’s 50-day moving average price is $10.52 and its 200 day moving average price is $10.44. Plum Acquisition Corp. IV has a 12-month low of $10.03 and a 12-month high of $10.64.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BCK Capital Management LP increased its holdings in shares of 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 worth $1,066,000 after purchasing an additional 3,313 shares during the period. Glazer Capital LLC boosted its stake in Plum Acquisition Corp. IV by 1.7% during the fourth quarter. Glazer Capital LLC now owns 783,339 shares of the company’s stock valued at $8,170,000 after buying an additional 13,107 shares during the period. ABC Arbitrage SA purchased a new position in Plum Acquisition Corp. IV during the fourth quarter worth about $157,000. Radcliffe Capital Management L.P. increased its stake in Plum Acquisition Corp. IV by 5.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 449,055 shares of the company’s stock worth $4,693,000 after acquiring an additional 23,725 shares during the last quarter. Finally, Crossingbridge Advisors LLC bought a new position in Plum Acquisition Corp. IV in the 4th quarter worth about $262,000.

About Plum Acquisition Corp. IV

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.