MMCAP International Inc. SPC Takes Position in Stellar V Capital Corp. $SVCC

MMCAP International Inc. SPC acquired a new stake in Stellar V Capital Corp. (NASDAQ:SVCC) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 280,000 shares of the company’s stock, valued at approximately $2,884,000.

Other hedge funds have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Stellar V Capital during the second quarter valued at about $1,488,000. Shaolin Capital Management LLC bought a new stake in shares of Stellar V Capital during the 2nd quarter worth about $2,044,000. Mint Tower Capital Management B.V. acquired a new position in shares of Stellar V Capital during the 2nd quarter valued at about $2,044,000. Wolverine Asset Management LLC bought a new position in shares of Stellar V Capital in the 2nd quarter valued at approximately $2,553,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Stellar V Capital in the 2nd quarter valued at approximately $2,558,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stellar V Capital in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Stellar V Capital Stock Performance

NASDAQ SVCC opened at $10.40 on Monday. The stock has a 50-day simple moving average of $10.39 and a 200 day simple moving average of $10.35. Stellar V Capital Corp. has a twelve month low of $9.95 and a twelve month high of $10.44. The stock has a market capitalization of $224.74 million and a PE ratio of 52.00.

About Stellar V Capital

We are a blank check company incorporated on July 12, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. 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.