122,447 Shares in FINTECH ACQUISI/SH (FNTE) Acquired by Pacific Grove Capital LP
Pacific Grove Capital LP purchased a new position in shares of FINTECH ACQUISI/SH (NASDAQ:FNTE) in the 2nd quarter, HoldingsChannel reports. The firm purchased 122,447 shares of the company’s stock, valued at approximately $1,224,000.
Other hedge funds also recently modified their holdings of the company. Mizuho Securities USA LLC increased its position in FINTECH ACQUISI/SH by 72.0% during the second quarter. Mizuho Securities USA LLC now owns 475,100 shares of the company’s stock worth $4,737,000 after purchasing an additional 198,821 shares during the last quarter. Berkley W R Corp increased its position in FINTECH ACQUISI/SH by 12.1% during the second quarter. Berkley W R Corp now owns 922,786 shares of the company’s stock worth $9,228,000 after purchasing an additional 99,242 shares during the last quarter. Finally, Nantahala Capital Management LLC increased its position in FINTECH ACQUISI/SH by 99.3% during the second quarter. Nantahala Capital Management LLC now owns 1,204,498 shares of the company’s stock worth $12,045,000 after purchasing an additional 600,000 shares during the last quarter. 48.66% of the stock is owned by hedge funds and other institutional investors.
In other FINTECH ACQUISI/SH news, CEO Daniel G. Cohen acquired 300,000 shares of the company’s stock in a transaction dated Friday, June 29th. The stock was bought at an average price of $10.05 per share, with a total value of $3,015,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Betsy Z. Cohen acquired 500,000 shares of the company’s stock in a transaction dated Friday, June 29th. The stock was acquired at an average cost of $10.05 per share, with a total value of $5,025,000.00. The disclosure for this purchase can be found here. Insiders bought 1,500,000 shares of company stock valued at $15,075,000 in the last three months.
Shares of FINTECH ACQUISI/SH stock traded up $0.06 during trading hours on Thursday, hitting $9.91. The company’s stock had a trading volume of 443,808 shares, compared to its average volume of 699,839. FINTECH ACQUISI/SH has a 1-year low of $9.65 and a 1-year high of $11.99.
FINTECH ACQUISI/SH Profile
FinTech Acquisition Corp. II intends to acquire businesses or assets through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business transaction. The company was founded in 2015 and is based in Philadelphia, Pennsylvania.
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