Mint Tower Capital Management B.V. Purchases Shares of 100,000 A Paradise Acquisition Corp. $APAD

Mint Tower Capital Management B.V. purchased a new stake in A Paradise Acquisition Corp. (NASDAQ:APAD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,005,000.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC bought a new position in shares of A Paradise Acquisition in the 4th quarter valued at about $263,000. Picton Mahoney Asset Management bought a new position in shares of A Paradise Acquisition in the 4th quarter valued at about $1,005,000. Wealthspring Capital LLC bought a new position in shares of A Paradise Acquisition in the 4th quarter valued at about $6,911,000. Wolverine Asset Management LLC grew its position in shares of A Paradise Acquisition by 23.9% in the 4th quarter. Wolverine Asset Management LLC now owns 719,819 shares of the company’s stock valued at $7,234,000 after acquiring an additional 138,819 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in shares of A Paradise Acquisition in the 4th quarter valued at about $8,888,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One equities 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”.

A Paradise Acquisition Price Performance

Shares of NASDAQ APAD opened at $8.03 on Friday. A Paradise Acquisition Corp. has a 12 month low of $7.50 and a 12 month high of $14.00. The business’s 50 day simple moving average is $9.12.

A Paradise Acquisition (NASDAQ:APAD) last issued its earnings results on Monday, May 4th. The company reported $0.08 EPS for the quarter.

About A Paradise Acquisition

A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.

Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.