Mint Tower Capital Management B.V. Invests $4.57 Million in Starboard Value Acquisition Corp. $SVAC

Mint Tower Capital Management B.V. bought a new position in shares of Starboard Value Acquisition Corp. (NASDAQ:SVAC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 450,000 shares of the company’s stock, valued at approximately $4,568,000. Starboard Value Acquisition comprises approximately 0.6% of Mint Tower Capital Management B.V.’s portfolio, making the stock its 27th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. HighTower Advisors LLC purchased a new stake in shares of Starboard Value Acquisition during the fourth quarter worth about $684,000. Gritstone Asset Management LLC purchased a new stake in shares of Starboard Value Acquisition during the fourth quarter worth about $1,015,000. First Trust Capital Management L.P. purchased a new stake in shares of Starboard Value Acquisition during the third quarter worth about $3,466,000. Wealthspring Capital LLC purchased a new stake in shares of Starboard Value Acquisition during the fourth quarter worth about $4,080,000. Finally, Periscope Capital Inc. bought a new stake in shares of Starboard Value Acquisition in the fourth quarter worth $4,823,000.

Starboard Value Acquisition Trading Down 0.2%

Shares of SVAC opened at $10.33 on Friday. The stock has a 50 day moving average of $10.42 and a 200-day moving average of $10.39. Starboard Value Acquisition Corp. has a 52 week low of $10.03 and a 52 week high of $12.00.

Starboard Value Acquisition (NASDAQ:SVAC) last issued its earnings results on Thursday, May 14th. The company reported ($13.80) EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Starboard Value Acquisition Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.