Freedom Acquisition I (NASDAQ:FACT) Announces Earnings Results

Freedom Acquisition I (NASDAQ:FACT) issued its earnings results on Monday. The company reported $0.04 EPS for the quarter, FiscalAI reports.

Freedom Acquisition I Stock Up 0.1%

FACT traded up $0.01 during trading on Wednesday, hitting $10.58. The company’s stock had a trading volume of 13,741 shares, compared to its average volume of 81,629. Freedom Acquisition I has a one year low of $10.12 and a one year high of $10.70. The business’s 50 day simple moving average is $10.53 and its 200-day simple moving average is $10.45.

Institutional Investors Weigh In On Freedom Acquisition I

Several institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank purchased a new position in Freedom Acquisition I during the 4th quarter valued at about $4,148,000. Rivernorth Capital Management LLC grew its position in shares of Freedom Acquisition I by 28.0% in the 4th quarter. Rivernorth Capital Management LLC now owns 499,023 shares of the company’s stock worth $5,195,000 after buying an additional 109,023 shares during the last quarter. Radcliffe Capital Management L.P. grew its position in shares of Freedom Acquisition I by 4.7% in the 4th quarter. Radcliffe Capital Management L.P. now owns 523,289 shares of the company’s stock worth $5,447,000 after buying an additional 23,289 shares during the last quarter. Clear Street Group Inc. grew its position in shares of Freedom Acquisition I by 52.6% in the 4th quarter. Clear Street Group Inc. now owns 67,306 shares of the company’s stock worth $701,000 after buying an additional 23,209 shares during the last quarter. Finally, Berkley W R Corp grew its position in shares of Freedom Acquisition I by 14.7% in the 4th quarter. Berkley W R Corp now owns 285,082 shares of the company’s stock worth $2,968,000 after buying an additional 36,572 shares during the last quarter. Institutional investors own 55.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Freedom Acquisition I in a research report on Wednesday, April 8th. They set a “sell (d)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Freedom Acquisition I

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.