L1 Global Manager Pty Ltd Takes $752,000 Position in LightWave Acquisition Corp. $LWAC

L1 Global Manager Pty Ltd purchased a new stake in LightWave Acquisition Corp. (NASDAQ:LWAC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 75,000 shares of the company’s stock, valued at approximately $752,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. ABC Arbitrage SA bought a new stake in shares of LightWave Acquisition in the 4th quarter valued at about $351,000. Gabelli Funds LLC bought a new stake in shares of LightWave Acquisition in the 3rd quarter valued at about $444,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of LightWave Acquisition in the 3rd quarter valued at about $551,000. ATW Spac Management LLC bought a new position in shares of LightWave Acquisition during the 3rd quarter valued at about $866,000. Finally, Boothbay Fund Management LLC bought a new position in shares of LightWave Acquisition during the 3rd quarter valued at about $866,000.

LightWave Acquisition Price Performance

NASDAQ LWAC opened at $10.20 on Friday. The business has a 50 day simple moving average of $10.19 and a 200 day simple moving average of $10.12. LightWave Acquisition Corp. has a 52-week low of $9.81 and a 52-week high of $10.21.

LightWave Acquisition (NASDAQ:LWAC) last posted its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, LightWave Acquisition currently has an average rating of “Sell”.

LightWave Acquisition Company Profile

Locust Walk 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. The company was incorporated in 2020 and is based in Boston, Massachusetts.