Shares of Frontier Investment Corp (OTCMKTS:FICVU – Get Rating) fell 0.1% during mid-day trading on Friday . The stock traded as low as $9.75 and last traded at $9.75. 2,150 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 13,925 shares. The stock had previously closed at $9.76.
Frontier Investment Price Performance
The company has a 50-day moving average of $9.76 and a 200 day moving average of $9.82.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sandia Investment Management LP purchased a new position in Frontier Investment in the fourth quarter worth about $5,401,000. Sage Mountain Advisors LLC boosted its position in shares of Frontier Investment by 1.6% during the fourth quarter. Sage Mountain Advisors LLC now owns 192,068 shares of the company’s stock valued at $1,871,000 after buying an additional 2,950 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Frontier Investment during the second quarter valued at approximately $157,000. Hartree Partners LP purchased a new position in shares of Frontier Investment during the second quarter valued at approximately $4,855,000. Finally, Clear Street LLC purchased a new position in shares of Frontier Investment during the second quarter valued at approximately $103,000.
Frontier Investment Company Profile
Frontier Investment Corp does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to search in the technology, digital media, e-commerce, financial technology, and digital services sectors in the Middle East, North Africa, Turkey, Sub-Saharan Africa, and South and Southeast Asia.
Further Reading
- Get a free copy of the StockNews.com research report on Frontier Investment (FICVU)
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