Periscope Capital Inc. Increases Stake in RF Acquisition Corp. (NASDAQ:RFAC)

Periscope Capital Inc. lifted its stake in shares of RF Acquisition Corp. (NASDAQ:RFAC) by 111.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 984,229 shares of the company’s stock after buying an additional 519,371 shares during the quarter. Periscope Capital Inc. owned approximately 0.14% of RF Acquisition worth $10,128,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Shaolin Capital Management LLC grew its holdings in shares of RF Acquisition by 2.7% during the fourth quarter. Shaolin Capital Management LLC now owns 950,099 shares of the company’s stock worth $9,606,000 after purchasing an additional 25,099 shares during the last quarter. Karpus Management Inc. boosted its position in shares of RF Acquisition by 414.1% during the 1st quarter. Karpus Management Inc. now owns 655,112 shares of the company’s stock worth $6,741,000 after purchasing an additional 527,683 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in RF Acquisition during the second quarter worth about $5,556,000. Yakira Capital Management Inc. purchased a new position in shares of RF Acquisition in the first quarter valued at $2,727,000. Finally, Marshall Wace LLP raised its position in RF Acquisition by 75.3% during the third quarter. Marshall Wace LLP now owns 184,665 shares of the company’s stock worth $1,824,000 after acquiring an additional 79,295 shares during the last quarter. 52.11% of the stock is owned by hedge funds and other institutional investors.

RF Acquisition Price Performance

RFAC stock traded up $0.01 on Wednesday, reaching $10.61. The company had a trading volume of 21,055 shares, compared to its average volume of 3,339. RF Acquisition Corp. has a 1 year low of $9.87 and a 1 year high of $11.55. The company’s fifty day moving average is $10.53 and its 200 day moving average is $10.40.

RF Acquisition (NASDAQ:RFAC) last released its quarterly earnings results on Tuesday, August 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter.

RF Acquisition Profile

RF 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 in financial services, media, technology, retail, interpersonal communication, transportation, and education sectors.