Periscope Capital Inc. lessened its holdings in Murphy Canyon Acquisition Corp. (NASDAQ:MURF – Free Report) by 50.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,000 shares of the company’s stock after selling 101,300 shares during the quarter. Periscope Capital Inc.’s holdings in Murphy Canyon Acquisition were worth $1,052,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS Group AG bought a new stake in shares of Murphy Canyon Acquisition during the 4th quarter worth $26,000. Centiva Capital LP acquired a new position in Murphy Canyon Acquisition during the second quarter worth about $106,000. Cowen AND Company LLC bought a new position in shares of Murphy Canyon Acquisition in the first quarter worth about $229,000. Elequin Securities LLC acquired a new stake in shares of Murphy Canyon Acquisition in the 4th quarter valued at approximately $683,000. Finally, Deutsche Bank AG bought a new stake in shares of Murphy Canyon Acquisition during the 4th quarter valued at approximately $902,000. Institutional investors own 25.34% of the company’s stock.
Murphy Canyon Acquisition Stock Performance
MURF stock opened at $10.78 on Friday. The company has a 50 day simple moving average of $10.77 and a 200 day simple moving average of $10.59. Murphy Canyon Acquisition Corp. has a 1 year low of $10.02 and a 1 year high of $11.19.
Murphy Canyon Acquisition Company Profile
Murphy Canyon Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space.
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