TENOR CAPITAL MANAGEMENT Co. L.P. Buys 18,836 Shares of Artius Acquisition Inc. (NASDAQ:AACQ)

TENOR CAPITAL MANAGEMENT Co. L.P. boosted its stake in shares of Artius Acquisition Inc. (NASDAQ:AACQ) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,836 shares of the company’s stock after buying an additional 18,836 shares during the quarter. TENOR CAPITAL MANAGEMENT Co. L.P.’s holdings in Artius Acquisition were worth $3,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vivaldi Capital Management LLC lifted its holdings in Artius Acquisition by 8.1% during the 4th quarter. Vivaldi Capital Management LLC now owns 18,910 shares of the company’s stock valued at $201,000 after buying an additional 1,410 shares in the last quarter. Verition Fund Management LLC increased its position in Artius Acquisition by 0.6% during the 4th quarter. Verition Fund Management LLC now owns 310,801 shares of the company’s stock valued at $3,304,000 after purchasing an additional 2,001 shares during the period. Moors & Cabot Inc. purchased a new position in Artius Acquisition during the 1st quarter valued at about $127,000. Penserra Capital Management LLC increased its position in Artius Acquisition by 94.2% during the 1st quarter. Penserra Capital Management LLC now owns 38,681 shares of the company’s stock valued at $390,000 after purchasing an additional 18,759 shares during the period. Finally, M Holdings Securities Inc. purchased a new position in Artius Acquisition during the 1st quarter valued at about $246,000. Institutional investors own 55.10% of the company’s stock.

NASDAQ AACQ traded up $0.17 during trading on Thursday, reaching $6.73. 1,311,662 shares of the company’s stock traded hands, compared to its average volume of 2,069,232. The company has a 50 day simple moving average of $9.20. Artius Acquisition Inc. has a 12-month low of $8.75 and a 12-month high of $14.01.

In other news, Chairman Charles Drucker acquired 50,000 shares of the business’s stock in a transaction dated Monday, May 3rd. The shares were purchased at an average price of $10.07 per share, with a total value of $503,500.00. Following the transaction, the chairman now directly owns 50,000 shares in the company, valued at $503,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Separately, Craig Hallum assumed coverage on shares of Artius Acquisition in a research report on Monday, May 3rd. They set a “buy” rating and a $22.00 target price on the stock.

Artius Acquisition Profile

Artius Acquisition Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. It intends to focus on technology enabled businesses that directly or indirectly offer technology solutions, broader technology software and services, or financial services to companies.

Further Reading: Dividend Aristocrat Index

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Institutional Ownership by Quarter for Artius Acquisition (NASDAQ:AACQ)

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