Periscope Capital Inc. Reduces Stock Holdings in Willow Lane Acquisition Corp. – Class A Ordinary Shares $WLAC

Periscope Capital Inc. lowered its stake in Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) by 23.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 114,103 shares of the company’s stock after selling 35,897 shares during the quarter. Periscope Capital Inc.’s holdings in Willow Lane Acquisition Corp. – Class A Ordinary Shares were worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC purchased a new position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 4th quarter valued at about $131,000. FNY Investment Advisers LLC lifted its position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares by 30.0% during the 4th quarter. FNY Investment Advisers LLC now owns 250,782 shares of the company’s stock valued at $3,169,000 after buying an additional 57,901 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 3rd quarter valued at about $172,000. Yorkville Advisors Global LP purchased a new position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 3rd quarter valued at about $6,033,000. Finally, Sona Asset Management US LLC purchased a new position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 3rd quarter valued at about $2,316,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.00.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Price Performance

WLAC stock opened at $18.83 on Friday. Willow Lane Acquisition Corp. – Class A Ordinary Shares has a twelve month low of $10.07 and a twelve month high of $21.00. The business’s 50-day moving average price is $15.02 and its 200-day moving average price is $12.85.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Company Profile

Willow Lane Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq under the ticker WLAC. As a blank check vehicle, the company does not conduct operations of its own but instead seeks to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

The company was sponsored by Willow Lane Capital Partners, an investment firm with a focus on private equity and corporate development.