Polar Asset Management Partners Inc. Purchases New Holdings in IG Acquisition Corp. $IGAC

Polar Asset Management Partners Inc. purchased a new position in shares of IG Acquisition Corp. (NASDAQ:IGAC) during the first quarter, Holdings Channel reports. The firm purchased 249,900 shares of the company’s stock, valued at approximately $2,474,000.

A number of other hedge funds have also recently added to or reduced their stakes in IGAC. Sona Asset Management US LLC acquired a new position in IG Acquisition in the 1st quarter valued at $1,297,000. Radcliffe Capital Management L.P. bought a new stake in shares of IG Acquisition during the 4th quarter valued at $5,412,000. DLD Asset Management LP acquired a new stake in shares of IG Acquisition during the 1st quarter worth $1,238,000. Governors Lane LP acquired a new stake in shares of IG Acquisition during the 4th quarter worth $492,000. Finally, Gritstone Asset Management LLC bought a new position in shares of IG Acquisition in the first quarter worth $495,000. Institutional investors own 38.82% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

IG Acquisition Stock Up 0.1%

Shares of IG Acquisition stock opened at $10.03 on Tuesday. The company has a 50 day moving average of $10.01 and a 200-day moving average of $9.96. IG Acquisition Corp. has a 1-year low of $9.82 and a 1-year high of $10.05.

IG Acquisition (NASDAQ:IGAC) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.

IG Acquisition Profile

IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.