Verition Fund Management LLC Acquires New Holdings in Newcourt Acquisition Corp (NASDAQ:NCAC)

Verition Fund Management LLC acquired a new stake in shares of Newcourt Acquisition Corp (NASDAQ:NCACGet Rating) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 89,493 shares of the company’s stock, valued at approximately $896,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NCAC. Saba Capital Management L.P. bought a new position in Newcourt Acquisition during the fourth quarter valued at approximately $16,638,000. Cantor Fitzgerald L. P. bought a new position in shares of Newcourt Acquisition in the first quarter valued at approximately $7,508,000. Goldman Sachs Group Inc. bought a new position in shares of Newcourt Acquisition in the first quarter valued at approximately $6,090,000. Beryl Capital Management LLC bought a new position in shares of Newcourt Acquisition in the fourth quarter valued at approximately $5,946,000. Finally, Starboard Value LP bought a new position in shares of Newcourt Acquisition in the fourth quarter valued at approximately $5,833,000. Institutional investors own 80.91% of the company’s stock.

Newcourt Acquisition Price Performance

NASDAQ:NCAC opened at $10.13 on Thursday. Newcourt Acquisition Corp has a 12 month low of $9.87 and a 12 month high of $10.55. The company’s 50 day moving average is $10.09 and its 200-day moving average is $10.04.

Newcourt Acquisition Profile

(Get Rating)

Newcourt 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 2021 and is based in Oakland, California.

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Want to see what other hedge funds are holding NCAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newcourt Acquisition Corp (NASDAQ:NCACGet Rating).

Institutional Ownership by Quarter for Newcourt Acquisition (NASDAQ:NCAC)

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