RF Acquisition (NASDAQ:RFAC) Trading 0.1% Higher

RF Acquisition Corp. (NASDAQ:RFAC) shares traded up 0.1% during mid-day trading on Thursday . The stock traded as high as $10.90 and last traded at $10.90. 200 shares were traded during mid-day trading, a decline of 99% from the average session volume of 14,606 shares. The stock had previously closed at $10.89.

RF Acquisition Price Performance

The firm has a 50 day moving average price of $10.84 and a 200-day moving average price of $10.75.

Institutional Investors Weigh In On RF Acquisition

Several institutional investors have recently added to or reduced their stakes in RFAC. Cubist Systematic Strategies LLC purchased a new stake in RF Acquisition during the second quarter worth approximately $5,556,000. Shaolin Capital Management LLC lifted its stake in RF Acquisition by 200.0% during the third quarter. Shaolin Capital Management LLC now owns 200,000 shares of the company’s stock worth $2,130,000 after purchasing an additional 400,000 shares during the last quarter. First Trust Capital Management L.P. lifted its stake in RF Acquisition by 20.2% during the first quarter. First Trust Capital Management L.P. now owns 781,180 shares of the company’s stock worth $8,038,000 after purchasing an additional 131,131 shares during the last quarter. Berkley W R Corp purchased a new stake in RF Acquisition during the first quarter worth approximately $946,000. Finally, Marshall Wace LLP lifted its stake in RF Acquisition by 75.3% during the third quarter. Marshall Wace LLP now owns 184,665 shares of the company’s stock worth $1,824,000 after purchasing an additional 79,295 shares during the last quarter. Hedge funds and other institutional investors own 36.55% of the company’s stock.

RF Acquisition Company Profile

RF 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 in financial services, media, technology, retail, interpersonal communication, transportation, and education sectors.