Emmis Acquisition (NASDAQ:EMIS) Trading 0.3% Higher – Here’s What Happened

Emmis Acquisition Corp. (NASDAQ:EMIS)’s stock price was up 0.3% on Friday . The stock traded as high as $10.05 and last traded at $10.05. Approximately 1,035 shares were traded during trading, The stock had previously closed at $10.02.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Emmis Acquisition in a research note on Tuesday, January 27th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Emmis Acquisition Trading Up 0.3%

Institutional Investors Weigh In On Emmis Acquisition

Institutional investors have recently made changes to their positions in the company. Lineage Point Capital LP bought a new stake in shares of Emmis Acquisition in the 4th quarter valued at approximately $2,243,000. Virtu Financial LLC acquired a new stake in Emmis Acquisition in the fourth quarter valued at approximately $178,000. Toronto Dominion Bank acquired a new stake in Emmis Acquisition in the fourth quarter valued at approximately $1,493,000. Rivernorth Capital Management LLC bought a new stake in Emmis Acquisition in the fourth quarter worth approximately $3,476,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Emmis Acquisition during the 4th quarter worth $418,000.

Emmis Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.