Periscope Capital Inc. acquired a new stake in Starboard Value Acquisition Corp. (NASDAQ:SVAC – Free Report) in the 4th quarter, Holdings Channel reports. The firm acquired 474,699 shares of the company’s stock, valued at approximately $4,823,000. Starboard Value Acquisition comprises 0.6% of Periscope Capital Inc.’s investment portfolio, making the stock its 18th biggest position.
Several other hedge funds also recently modified their holdings of SVAC. HighTower Advisors LLC acquired a new position in shares of Starboard Value Acquisition in the fourth quarter valued at $684,000. Gritstone Asset Management LLC acquired a new position in shares of Starboard Value Acquisition in the fourth quarter valued at $1,015,000. First Trust Capital Management L.P. acquired a new position in shares of Starboard Value Acquisition in the third quarter valued at $3,466,000. Finally, Wealthspring Capital LLC acquired a new position in shares of Starboard Value Acquisition in the fourth quarter valued at $4,080,000.
Starboard Value Acquisition Stock Performance
Shares of NASDAQ SVAC opened at $10.66 on Friday. The business has a fifty day simple moving average of $10.36 and a 200 day simple moving average of $10.38. Starboard Value Acquisition Corp. has a one year low of $10.03 and a one year high of $12.00.
About Starboard Value Acquisition
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.
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Want to see what other hedge funds are holding SVAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starboard Value Acquisition Corp. (NASDAQ:SVAC – Free Report).
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