Polar Asset Management Partner Sells 300,000 Shares of Easterly Acquisition Corp (EACQ) Stock
Easterly Acquisition Corp (NASDAQ:EACQ) major shareholder Polar Asset Management Partner sold 300,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $10.06, for a total transaction of $3,018,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Easterly Acquisition Corp (NASDAQ:EACQ) remained flat at $$10.10 during midday trading on Thursday. The company’s stock had a trading volume of 445,000 shares, compared to its average volume of 108,289. Easterly Acquisition Corp has a one year low of $9.25 and a one year high of $11.85.
Several large investors have recently added to or reduced their stakes in EACQ. Cowen Inc. acquired a new position in shares of Easterly Acquisition during the 2nd quarter worth $2,709,000. Cumberland Partners Ltd acquired a new position in shares of Easterly Acquisition during the 3rd quarter worth $350,000. Bluefin Trading LLC acquired a new position in shares of Easterly Acquisition during the 2nd quarter worth $252,000. Nationwide Fund Advisors acquired a new position in shares of Easterly Acquisition during the 3rd quarter worth $176,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of Easterly Acquisition during the 2nd quarter worth $113,000. 57.51% of the stock is owned by institutional investors and hedge funds.
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Easterly Acquisition Corp. is a blank check company. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a target business will not be limited to a particular industry or geographic region, although it seeks to focus on companies operating in the financial services industry.
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