Zimmer Partners LP purchased a new stake in shares of Decarbonization Plus Acquisition Co. (NASDAQ:DCRB) during the 1st quarter, Holdings Channel reports. The fund purchased 75,000 shares of the company’s stock, valued at approximately $787,000.
A number of other large investors also recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. purchased a new stake in Decarbonization Plus Acquisition during the 1st quarter valued at $776,000. EJF Capital LLC increased its stake in Decarbonization Plus Acquisition by 1,250.0% in the first quarter. EJF Capital LLC now owns 270,000 shares of the company’s stock worth $2,832,000 after purchasing an additional 250,000 shares during the period. Highland Capital Management Fund Advisors L.P. purchased a new stake in Decarbonization Plus Acquisition in the first quarter worth $105,000. Blackstone Group Inc. increased its stake in Decarbonization Plus Acquisition by 66.7% in the first quarter. Blackstone Group Inc. now owns 500,000 shares of the company’s stock worth $5,245,000 after purchasing an additional 200,000 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in Decarbonization Plus Acquisition in the first quarter worth $5,596,000. Institutional investors own 45.98% of the company’s stock.
Shares of DCRB traded up $0.33 during midday trading on Thursday, reaching $10.33. 406,168 shares of the stock were exchanged, compared to its average volume of 319,622. Decarbonization Plus Acquisition Co. has a 52 week low of $9.87 and a 52 week high of $19.95. The firm has a 50 day moving average price of $10.26.
About Decarbonization Plus Acquisition
Decarbonization Plus Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to engage in the hydrogen fuel cell powered commercial vehicles business.
Further Reading: Cost of Debt
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