TENOR CAPITAL MANAGEMENT Co. L.P. Takes Position in New Beginnings Acquisition Corp. (NYSE:NBA)

TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in New Beginnings Acquisition Corp. (NYSE:NBA) in the first quarter, Holdings Channel.com reports. The firm acquired 430,234 shares of the company’s stock, valued at approximately $4,302,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NBA. Bank of Montreal Can purchased a new stake in New Beginnings Acquisition in the first quarter valued at approximately $8,519,000. UBS Group AG purchased a new position in shares of New Beginnings Acquisition during the first quarter worth approximately $3,005,000. Lombard Odier Asset Management USA Corp purchased a new position in shares of New Beginnings Acquisition during the first quarter worth approximately $1,200,000. Radcliffe Capital Management L.P. raised its stake in shares of New Beginnings Acquisition by 442.8% during the first quarter. Radcliffe Capital Management L.P. now owns 109,100 shares of the company’s stock worth $1,091,000 after acquiring an additional 89,000 shares in the last quarter. Finally, HRT Financial LP purchased a new position in shares of New Beginnings Acquisition in the first quarter worth $492,000. 52.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of NBA stock traded up $0.02 during mid-day trading on Thursday, reaching $10.02. 87,652 shares of the company’s stock traded hands, compared to its average volume of 47,820. New Beginnings Acquisition Corp. has a 12 month low of $9.66 and a 12 month high of $11.00. The firm’s 50-day simple moving average is $10.01.

Several research analysts recently commented on the stock. Northland Securities assumed coverage on shares of New Beginnings Acquisition in a research note on Wednesday, June 16th. They issued an “outperform” rating on the stock. Barrington Research assumed coverage on shares of New Beginnings Acquisition in a research note on Thursday, April 8th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, DA Davidson assumed coverage on shares of New Beginnings Acquisition in a report on Wednesday, June 9th. They issued a “buy” rating and a $20.00 price target on the stock.

In other New Beginnings Acquisition news, CEO Michael Liebowitz bought 10,000 shares of the company’s stock in a transaction dated Wednesday, May 19th. The shares were purchased at an average price of $10.01 per share, for a total transaction of $100,100.00.

New Beginnings Acquisition Profile

New Beginnings Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Miami, Florida.

Further Reading: Price-Sales Ratio

Want to see what other hedge funds are holding NBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Beginnings Acquisition Corp. (NYSE:NBA).

Institutional Ownership by Quarter for New Beginnings Acquisition (NYSE:NBA)

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