Kochav Defense Acquisition (NASDAQ:KCHV) Announces Earnings Results

Kochav Defense Acquisition (NASDAQ:KCHV) announced its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Kochav Defense Acquisition Trading Down 0.0%

NASDAQ KCHV traded down $0.01 on Friday, hitting $10.43. 1,109 shares of the stock traded hands, compared to its average volume of 18,657. The stock’s fifty day simple moving average is $10.39. Kochav Defense Acquisition has a 12 month low of $10.01 and a 12 month high of $10.43.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Berkley W R Corp raised its stake in Kochav Defense Acquisition by 15.8% in the 4th quarter. Berkley W R Corp now owns 1,686,575 shares of the company’s stock valued at $17,102,000 after acquiring an additional 229,562 shares during the period. Westchester Capital Management LLC boosted its holdings in Kochav Defense Acquisition by 349.7% in the 4th quarter. Westchester Capital Management LLC now owns 1,286,000 shares of the company’s stock worth $13,040,000 after buying an additional 1,000,000 shares during the period. Crossingbridge Advisors LLC boosted its holdings in Kochav Defense Acquisition by 300.0% in the 4th quarter. Crossingbridge Advisors LLC now owns 1,200,005 shares of the company’s stock worth $12,168,000 after buying an additional 900,005 shares during the period. Radcliffe Capital Management L.P. grew its stake in Kochav Defense Acquisition by 7.8% in the 4th quarter. Radcliffe Capital Management L.P. now owns 566,200 shares of the company’s stock valued at $5,741,000 after buying an additional 41,200 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Kochav Defense Acquisition by 84.1% in the 4th quarter. Millennium Management LLC now owns 405,000 shares of the company’s stock valued at $4,107,000 after buying an additional 185,000 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kochav Defense Acquisition in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Kochav Defense Acquisition Company Profile

We are a newly organized blank check company originally formed as Cayman Islands exempted company on January 7, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.