Verition Fund Management LLC bought a new stake in Frontier Acquisition Corp. (NASDAQ:FRON – Get Rating) during the first quarter, Holdings Channel reports. The institutional investor bought 71,916 shares of the company’s stock, valued at approximately $704,000.
A number of other institutional investors have also modified their holdings of FRON. Berkley W R Corp grew its position in Frontier Acquisition by 190.5% in the 1st quarter. Berkley W R Corp now owns 99,888 shares of the company’s stock valued at $977,000 after buying an additional 65,500 shares during the last quarter. P Schoenfeld Asset Management LP purchased a new position in Frontier Acquisition in the 1st quarter valued at $979,000. Spring Creek Capital LLC purchased a new position in Frontier Acquisition in the 1st quarter valued at $1,470,000. JPMorgan Chase & Co. purchased a new stake in shares of Frontier Acquisition during the 1st quarter worth $2,199,000. Finally, Radcliffe Capital Management L.P. boosted its position in shares of Frontier Acquisition by 30.0% during the 1st quarter. Radcliffe Capital Management L.P. now owns 259,951 shares of the company’s stock worth $2,544,000 after purchasing an additional 59,951 shares in the last quarter. 58.29% of the stock is owned by institutional investors and hedge funds.
Frontier Acquisition Stock Performance
Shares of NASDAQ FRON opened at $9.92 on Friday. Frontier Acquisition Corp. has a one year low of $9.66 and a one year high of $9.97. The company’s fifty day moving average is $9.86 and its two-hundred day moving average is $9.81.
Frontier Acquisition Company Profile
Frontier Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.
- Get a free copy of the StockNews.com research report on Frontier Acquisition (FRON)
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