Glazer Capital LLC purchased a new position in shares of Proficient Alpha Acquisition Corp. (OTCMKTS:PAACU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 273,414 shares of the company’s stock, valued at approximately $2,748,000.

Other institutional investors also recently added to or reduced their stakes in the company. Gabelli Funds LLC purchased a new position in Proficient Alpha Acquisition during the second quarter worth $1,424,000. Weiss Asset Management LP purchased a new position in Proficient Alpha Acquisition during the second quarter worth $2,010,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Proficient Alpha Acquisition during the second quarter worth $1,648,000. Panagora Asset Management Inc. purchased a new position in Proficient Alpha Acquisition during the second quarter worth $503,000. Finally, Shaolin Capital Management LLC purchased a new position in Proficient Alpha Acquisition during the second quarter worth $1,508,000.

Proficient Alpha Acquisition stock traded down $0.03 during mid-day trading on Friday, hitting $10.14. 200 shares of the company were exchanged, compared to its average volume of 52,768. Proficient Alpha Acquisition Corp. has a 12-month low of $10.00 and a 12-month high of $10.18. The firm has a 50 day moving average price of $10.14.

Proficient Alpha Acquisition Company Profile

Proficient Alpha Acquisition Corp. focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to identify businesses that provide financial services in Asia, primarily Mainland China and Hong Kong.

Further Reading: How Do Front-End Loads Impact an Investment?

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Institutional Ownership by Quarter for Proficient Alpha Acquisition (OTCMKTS:PAACU)

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