Verition Fund Management LLC acquired a new stake in shares of Newcourt Acquisition Corp (NASDAQ:NCAC – Get 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
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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