Quarry LP Takes Position in byNordic Acquisition Co. (NASDAQ:BYNO)

Quarry LP acquired a new stake in byNordic Acquisition Co. (NASDAQ:BYNO) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 145,000 shares of the company’s stock, valued at approximately $1,508,000. Quarry LP owned approximately 0.63% of byNordic Acquisition as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Deutsche Bank AG bought a new stake in shares of byNordic Acquisition in the 4th quarter valued at $29,000. Bank of Montreal Can bought a new stake in shares of byNordic Acquisition in the 2nd quarter valued at $378,000. RPO LLC bought a new stake in shares of byNordic Acquisition in the 4th quarter valued at $528,000. Spartan Fund Management Inc. bought a new stake in shares of byNordic Acquisition in the 1st quarter valued at $1,039,000. Finally, Shaolin Capital Management LLC bought a new stake in shares of byNordic Acquisition in the 4th quarter valued at $1,224,000. Institutional investors own 71.90% of the company’s stock.

byNordic Acquisition Stock Performance

NASDAQ BYNO remained flat at $10.76 during mid-day trading on Monday. 7,500 shares of the company traded hands, compared to its average volume of 57,168. The firm’s fifty day moving average price is $10.65 and its 200 day moving average price is $10.51. byNordic Acquisition Co. has a twelve month low of $9.94 and a twelve month high of $11.63.

Insider Activity at byNordic Acquisition

In related news, major shareholder Mizuho Securities Usa Llc sold 184,000 shares of byNordic Acquisition stock in a transaction on Monday, August 21st. The shares were sold at an average price of $10.67, for a total value of $1,963,280.00. Following the completion of the sale, the insider now owns 316,000 shares of the company’s stock, valued at approximately $3,371,720. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.84% of the stock is currently owned by insiders.

About byNordic Acquisition

byNordic Acquisition Corporation 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 the financial technology sector in Northern Europe. byNordic Acquisition Corporation was incorporated in 2019 and is based in Malmö, Sweden.