DiamondHead Holdings Corp. (NASDAQ:DHHC) Shares Purchased by Weiss Asset Management LP

Weiss Asset Management LP raised its holdings in DiamondHead Holdings Corp. (NASDAQ:DHHC – Get Rating) by 117.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 461,976 shares of the company’s stock after purchasing an additional 250,000 shares during the period. Weiss Asset Management LP’s holdings in DiamondHead were worth $4,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mint Tower Capital Management B.V. raised its stake in shares of DiamondHead by 184.8% in the 3rd quarter. Mint Tower Capital Management B.V. now owns 245,540 shares of the company’s stock valued at $2,419,000 after purchasing an additional 159,340 shares in the last quarter. Westchester Capital Management LLC acquired a new stake in DiamondHead during the third quarter valued at approximately $8,194,000. Balyasny Asset Management LLC lifted its holdings in DiamondHead by 159.3% during the 3rd quarter. Balyasny Asset Management LLC now owns 406,980 shares of the company’s stock worth $4,017,000 after buying an additional 250,000 shares during the last quarter. Jane Street Group LLC grew its position in shares of DiamondHead by 846.5% in the 3rd quarter. Jane Street Group LLC now owns 1,511,153 shares of the company’s stock worth $14,885,000 after acquiring an additional 1,351,488 shares in the last quarter. Finally, Saba Capital Management L.P. increased its holdings in shares of DiamondHead by 18.9% in the 3rd quarter. Saba Capital Management L.P. now owns 1,410,700 shares of the company’s stock valued at $13,896,000 after acquiring an additional 223,859 shares during the last quarter. 74.00% of the stock is currently owned by hedge funds and other institutional investors.

DiamondHead Stock Performance

Shares of DHHC opened at $10.27 on Friday. DiamondHead Holdings Corp. has a 12-month low of $9.78 and a 12-month high of $11.00. The business’s fifty day moving average price is $10.13 and its 200 day moving average price is $10.01.

Insider Transactions at DiamondHead

In other DiamondHead news, CEO David T. Hamamoto bought 87,744 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were purchased at an average price of $10.09 per share, with a total value of $885,336.96. Following the completion of the acquisition, the chief executive officer now directly owns 1,087,744 shares of the company’s stock, valued at approximately $10,975,336.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David T. Hamamoto acquired 87,744 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was purchased at an average cost of $10.09 per share, for a total transaction of $885,336.96. Following the purchase, the chief executive officer now directly owns 1,087,744 shares in the company, valued at $10,975,336.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David T. Hamamoto bought 1,000,000 shares of the company’s stock in a transaction on Thursday, January 12th. The stock was bought at an average cost of $10.09 per share, for a total transaction of $10,090,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,000,000 shares of the company’s stock, valued at $10,090,000. The disclosure for this purchase can be found here. Insiders own 20.00% of the company’s stock.

DiamondHead Company Profile

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DiamondHead Holdings Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.