L1 Global Manager Pty Ltd Buys Shares of 275,000 Stellar V Capital Corp. $SVCC

L1 Global Manager Pty Ltd bought a new stake in Stellar V Capital Corp. (NASDAQ:SVCC) during the 4th quarter, HoldingsChannel reports. The fund bought 275,000 shares of the company’s stock, valued at approximately $2,850,000. Stellar V Capital makes up 1.9% of L1 Global Manager Pty Ltd’s holdings, making the stock its 12th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Radcliffe Capital Management L.P. bought a new position in Stellar V Capital in the 3rd quarter valued at about $1,188,000. MMCAP International Inc. SPC bought a new position in Stellar V Capital in the 3rd quarter valued at about $2,884,000. Jain Global LLC increased its holdings in Stellar V Capital by 46.9% in the 3rd quarter. Jain Global LLC now owns 324,658 shares of the company’s stock valued at $3,344,000 after buying an additional 103,600 shares during the period. Karpus Management Inc. increased its holdings in Stellar V Capital by 46.2% in the 2nd quarter. Karpus Management Inc. now owns 314,850 shares of the company’s stock valued at $3,202,000 after buying an additional 99,500 shares during the period. Finally, Moore Capital Management LP bought a new position in Stellar V Capital in the 2nd quarter valued at about $2,558,000.

Stellar V Capital Trading Up 0.1%

SVCC opened at $10.56 on Friday. The company’s 50 day moving average is $10.51 and its 200-day moving average is $10.44. Stellar V Capital Corp. has a 1-year low of $10.18 and a 1-year high of $10.57. The company has a market cap of $228.20 million, a P/E ratio of 40.62 and a beta of 0.03.

Stellar V Capital (NASDAQ:SVCC) last posted its earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Stellar V Capital in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Stellar V Capital Company Profile

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.