Weiss Asset Management LP Makes New Investment in Slam Corp. (NASDAQ:SLAM)

Weiss Asset Management LP acquired a new stake in Slam Corp. (NASDAQ:SLAMGet Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 403,750 shares of the company’s stock, valued at approximately $4,001,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLAM. Basso Capital Management L.P. raised its holdings in Slam by 295.8% during the 1st quarter. Basso Capital Management L.P. now owns 4,358 shares of the company’s stock valued at $43,000 after buying an additional 3,257 shares during the period. PenderFund Capital Management Ltd. lifted its holdings in shares of Slam by 97.0% in the 1st quarter. PenderFund Capital Management Ltd. now owns 6,500 shares of the company’s stock worth $79,000 after acquiring an additional 3,200 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Slam during the 3rd quarter worth about $146,000. State Street Corp grew its holdings in Slam by 29.7% during the 3rd quarter. State Street Corp now owns 15,297 shares of the company’s stock valued at $152,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in Slam in the 1st quarter worth about $344,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Slam Stock Performance

Shares of NASDAQ:SLAM opened at $10.30 on Friday. The business has a 50 day simple moving average of $10.20 and a two-hundred day simple moving average of $10.06. Slam Corp. has a 1 year low of $9.76 and a 1 year high of $10.60.

Slam Profile

(Get Rating)

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

Further Reading

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Institutional Ownership by Quarter for Slam (NASDAQ:SLAM)

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