Clear Street Group Inc. Acquires Shares of 317,585 Pelican Acquisition Corporation $PELI

Clear Street Group Inc. bought a new position in shares of Pelican Acquisition Corporation (NASDAQ:PELI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 317,585 shares of the company’s stock, valued at approximately $3,195,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC lifted its stake in shares of Pelican Acquisition by 2.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 461,569 shares of the company’s stock valued at $4,643,000 after purchasing an additional 8,838 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Pelican Acquisition during the third quarter worth $335,000. Warberg Asset Management LLC bought a new stake in Pelican Acquisition in the second quarter valued at about $500,000. Schonfeld Strategic Advisors LLC bought a new stake in Pelican Acquisition in the third quarter valued at about $855,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Pelican Acquisition in the second quarter valued at about $1,000,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Pelican Acquisition in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Pelican Acquisition Trading Down 8.3%

PELI opened at $9.44 on Friday. The firm’s fifty day moving average is $10.43 and its two-hundred day moving average is $10.22. Pelican Acquisition Corporation has a twelve month low of $8.98 and a twelve month high of $11.49.

Pelican Acquisition Profile

Pelican Acquisition Corp is a Delaware-based special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker PELI. Founded in 2021, the firm completed its initial public offering in July 2021 and holds its capital in trust pending the completion of a business combination. The company’s charter permits a merger, stock exchange, asset purchase or other similar transactions with one or more operating businesses.

The SPAC is focused on identifying opportunities in technology-driven sectors, including software, cybersecurity, digital infrastructure and related fields.