Stellar V Capital (NASDAQ:SVCC) Announces Earnings Results

Stellar V Capital (NASDAQ:SVCC) issued its earnings results on Monday. The company reported $0.07 EPS for the quarter, Zacks reports.

Stellar V Capital Stock Down 0.1%

NASDAQ:SVCC opened at $10.34 on Wednesday. The firm has a market cap of $223.45 million and a price-to-earnings ratio of 79.54. Stellar V Capital has a 1 year low of $9.95 and a 1 year high of $10.40. The firm has a fifty day moving average price of $10.33.

Institutional Investors Weigh In On Stellar V Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Shaolin Capital Management LLC bought a new position in shares of Stellar V Capital in the second quarter worth about $2,044,000. Moore Capital Management LP bought a new stake in Stellar V Capital during the 2nd quarter valued at approximately $2,558,000. Finally, Karpus Management Inc. grew its holdings in Stellar V Capital by 46.2% in the 2nd quarter. Karpus Management Inc. now owns 314,850 shares of the company’s stock valued at $3,202,000 after buying an additional 99,500 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Stellar V Capital in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Stellar V Capital Company Profile

We are a blank check company incorporated on July 12, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.