Radcliffe Capital Management L.P. bought a new position in shares of StoneBridge Acquisition Co. (NASDAQ:APAC – Free Report) in the fourth quarter, HoldingsChannel reports. The fund bought 160,000 shares of the company’s stock, valued at approximately $1,592,000.
Several other large investors have also recently bought and sold shares of APAC. Wolverine Asset Management LLC acquired a new stake in StoneBridge Acquisition in the fourth quarter valued at $4,989,000. Clear Street Group Inc. acquired a new position in shares of StoneBridge Acquisition during the 4th quarter worth about $3,216,000. ABC Arbitrage SA acquired a new position in shares of StoneBridge Acquisition during the 4th quarter worth about $199,000. Glazer Capital LLC purchased a new position in shares of StoneBridge Acquisition in the 4th quarter valued at about $4,051,000. Finally, Verition Fund Management LLC purchased a new position in shares of StoneBridge Acquisition in the 4th quarter valued at about $1,990,000. Hedge funds and other institutional investors own 19.18% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded StoneBridge Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, StoneBridge Acquisition currently has a consensus rating of “Sell”.
StoneBridge Acquisition Stock Performance
Shares of StoneBridge Acquisition stock opened at $10.15 on Wednesday. The company has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $10.03. StoneBridge Acquisition Co. has a 12-month low of $9.87 and a 12-month high of $10.15.
About StoneBridge Acquisition
StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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