Marshall Wace LLP grew its stake in shares of OmniLit Acquisition Corp. (NASDAQ:OLIT – Get Rating) by 412.5% during the 3rd quarter, Holdings Channel reports. The firm owned 501,831 shares of the company’s stock after buying an additional 403,908 shares during the period. Marshall Wace LLP’s holdings in OmniLit Acquisition were worth $5,059,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in OLIT. Polar Asset Management Partners Inc. acquired a new position in shares of OmniLit Acquisition during the 1st quarter worth approximately $8,258,000. Starboard Value LP bought a new position in shares of OmniLit Acquisition during the 1st quarter worth approximately $4,184,000. Goldman Sachs Group Inc. bought a new position in shares of OmniLit Acquisition during the 1st quarter worth approximately $3,706,000. Sculptor Capital LP boosted its stake in shares of OmniLit Acquisition by 103.8% during the 2nd quarter. Sculptor Capital LP now owns 547,242 shares of the company’s stock worth $5,467,000 after acquiring an additional 278,668 shares during the period. Finally, First Trust Capital Management L.P. boosted its stake in shares of OmniLit Acquisition by 33.0% during the 3rd quarter. First Trust Capital Management L.P. now owns 790,101 shares of the company’s stock worth $7,948,000 after acquiring an additional 195,883 shares during the period. Institutional investors and hedge funds own 60.15% of the company’s stock.
OmniLit Acquisition Stock Performance
Shares of NASDAQ OLIT opened at $10.19 on Tuesday. OmniLit Acquisition Corp. has a 12 month low of $9.79 and a 12 month high of $11.55. The stock has a 50 day moving average of $10.13 and a 200-day moving average of $10.11.
About OmniLit Acquisition
OmniLit Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on transactions with companies and/or assets within the photonics or optics, and related sectors.
- Get a free copy of the StockNews.com research report on OmniLit Acquisition (OLIT)
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