Tristar Acquisition I (NYSE:TRIS) Trading Up 0.1%

Tristar Acquisition I Corp. (NYSE:TRIS) shares were up 0.1% during mid-day trading on Thursday . The company traded as high as $11.03 and last traded at $11.03. Approximately 3,872 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 54,713 shares. The stock had previously closed at $11.02.

Tristar Acquisition I Price Performance

The firm has a 50-day simple moving average of $10.95 and a 200 day simple moving average of $10.85.

Institutional Investors Weigh In On Tristar Acquisition I

Institutional investors have recently added to or reduced their stakes in the business. Spartan Fund Management Inc. raised its position in shares of Tristar Acquisition I by 1,566.7% during the third quarter. Spartan Fund Management Inc. now owns 250,000 shares of the company’s stock worth $2,673,000 after acquiring an additional 235,000 shares during the last quarter. BCK Capital Management LP bought a new stake in shares of Tristar Acquisition I in the 3rd quarter valued at $794,000. Karpus Management Inc. acquired a new stake in shares of Tristar Acquisition I during the third quarter worth $1,196,000. Cowen AND Company LLC increased its position in shares of Tristar Acquisition I by 313.0% during the third quarter. Cowen AND Company LLC now owns 498,826 shares of the company’s stock worth $5,332,000 after buying an additional 378,032 shares during the period. Finally, Picton Mahoney Asset Management bought a new position in Tristar Acquisition I during the third quarter worth $2,137,000. 62.44% of the stock is owned by institutional investors.

Tristar Acquisition I Company Profile

Tristar Acquisition I Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on targeting a telecommunications and technology oriented company.