SkyView Investment Advisors LLC purchased a new position in StoneBridge Acquisition Co. (NASDAQ:APAC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 49,570 shares of the company’s stock, valued at approximately $504,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sona Asset Management US LLC purchased a new position in shares of StoneBridge Acquisition during the first quarter valued at about $1,177,000. Radcliffe Capital Management L.P. bought a new stake in shares of StoneBridge Acquisition in the fourth quarter worth about $1,592,000. Aristeia Capital L.L.C. purchased a new stake in shares of StoneBridge Acquisition in the fourth quarter worth about $1,990,000. Clear Street Group Inc. purchased a new stake in shares of StoneBridge Acquisition in the fourth quarter worth about $3,216,000. Finally, Rivernorth Capital Management LLC purchased a new stake in shares of StoneBridge Acquisition in the first quarter worth about $4,970,000. Institutional investors own 19.18% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded StoneBridge Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, StoneBridge Acquisition presently has an average rating of “Sell”.
StoneBridge Acquisition Price Performance
Shares of NASDAQ APAC opened at $10.25 on Tuesday. The business’s 50 day moving average is $10.20 and its two-hundred day moving average is $10.13. StoneBridge Acquisition Co. has a 1-year low of $9.87 and a 1-year high of $10.26.
StoneBridge Acquisition (NASDAQ:APAC – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.04 earnings per share (EPS) for the quarter.
About StoneBridge Acquisition
StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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