Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Posts Earnings Results

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) released its earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports.

Columbus Acquisition Corp/Cayman Islands Stock Down 0.8%

Shares of COLA stock traded down $0.09 on Thursday, reaching $10.96. 100,082 shares of the stock were exchanged, compared to its average volume of 30,580. Columbus Acquisition Corp/Cayman Islands has a one year low of $10.08 and a one year high of $11.08. The firm’s 50 day moving average price is $10.55.

Institutional Investors Weigh In On Columbus Acquisition Corp/Cayman Islands

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC increased its holdings in Columbus Acquisition Corp/Cayman Islands by 51.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock valued at $3,114,000 after purchasing an additional 102,256 shares during the last quarter. Meteora Capital LLC bought a new stake in Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at about $4,632,000. Harraden Circle Investments LLC bought a new stake in Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at about $5,794,000. HRT Financial LP bought a new stake in Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at about $172,000. Finally, Clear Street Group Inc. increased its holdings in Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after purchasing an additional 71,844 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Columbus Acquisition Corp/Cayman Islands in a research report on Monday, January 26th. They set a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.