501,421 Shares in SIM Acquisition Corp. I $SIMA Bought by DLD Asset Management LP

DLD Asset Management LP bought a new position in shares of SIM Acquisition Corp. I (NASDAQ:SIMA) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 501,421 shares of the company’s stock, valued at approximately $5,375,000. SIM Acquisition Corp. I makes up approximately 0.5% of DLD Asset Management LP’s portfolio, making the stock its 21st largest position.

Several other large investors also recently modified their holdings of the business. Citadel Advisors LLC increased its holdings in shares of SIM Acquisition Corp. I by 22.4% in the third quarter. Citadel Advisors LLC now owns 15,460 shares of the company’s stock worth $162,000 after acquiring an additional 2,826 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of SIM Acquisition Corp. I by 1.2% during the 4th quarter. Wolverine Asset Management LLC now owns 732,459 shares of the company’s stock valued at $7,757,000 after purchasing an additional 8,514 shares in the last quarter. Radcliffe Capital Management L.P. lifted its holdings in shares of SIM Acquisition Corp. I by 5.2% during the 4th quarter. Radcliffe Capital Management L.P. now owns 536,322 shares of the company’s stock valued at $5,680,000 after purchasing an additional 26,290 shares in the last quarter. Shaolin Capital Management LLC acquired a new position in shares of SIM Acquisition Corp. I in the 2nd quarter valued at approximately $1,042,000. Finally, Sculptor Capital LP acquired a new position in shares of SIM Acquisition Corp. I in the 2nd quarter valued at approximately $1,826,000.

SIM Acquisition Corp. I Stock Up 0.4%

SIMA opened at $10.98 on Thursday. SIM Acquisition Corp. I has a 12 month low of $10.10 and a 12 month high of $12.90. The firm’s fifty day simple moving average is $10.89 and its 200 day simple moving average is $10.77.

SIM Acquisition Corp. I (NASDAQ:SIMA) last released its earnings results on Friday, May 15th. The company reported $0.07 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of SIM Acquisition Corp. I from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

SIM Acquisition Corp. I Company Profile

SIM Acquisition Corp. I is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Since completing its initial public offering in March 2021, the company has focused on identifying targets in the technology, digital media, sports, entertainment and consumer sectors.

The proceeds from its IPO are held in a trust account pending shareholder approval of its initial business combination.