Aristeia Capital L.L.C. Buys Shares of 400,000 Lafayette Acquisition Corp. $LAFA

Aristeia Capital L.L.C. bought a new stake in Lafayette Acquisition Corp. (NASDAQ:LAFA) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 400,000 shares of the company’s stock, valued at approximately $3,960,000.

A number of other large investors also recently bought and sold shares of the stock. AQR Arbitrage LLC acquired a new position in Lafayette Acquisition in the fourth quarter valued at about $6,530,000. Polar Asset Management Partners Inc. acquired a new position in Lafayette Acquisition in the fourth quarter valued at about $4,950,000. Verition Fund Management LLC acquired a new position in Lafayette Acquisition in the fourth quarter valued at about $3,628,000. First Trust Capital Management L.P. acquired a new position in Lafayette Acquisition in the fourth quarter valued at about $2,970,000. Finally, 683 Capital Management LLC acquired a new position in Lafayette Acquisition in the fourth quarter valued at about $2,475,000.

Lafayette Acquisition Stock Performance

Shares of NASDAQ:LAFA opened at $10.07 on Thursday. The stock’s 50-day simple moving average is $10.04. Lafayette Acquisition Corp. has a 1 year low of $9.87 and a 1 year high of $10.20.

Lafayette Acquisition (NASDAQ:LAFA) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

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

About Lafayette Acquisition

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank‑check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.

The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.