A Paradise Acquisition Corp. $APAD Shares Sold by Clear Street Group Inc.

Clear Street Group Inc. trimmed its holdings in A Paradise Acquisition Corp. (NASDAQ:APAD) by 55.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,792 shares of the company’s stock after selling 210,473 shares during the period. Clear Street Group Inc.’s holdings in A Paradise Acquisition were worth $1,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Arax Advisory Partners purchased a new stake in shares of A Paradise Acquisition in the fourth quarter valued at about $39,000. HRT Financial LP purchased a new stake in shares of A Paradise Acquisition in the fourth quarter valued at about $249,000. Geode Capital Management LLC purchased a new stake in shares of A Paradise Acquisition in the fourth quarter valued at about $263,000. First Trust Capital Management L.P. purchased a new stake in shares of A Paradise Acquisition in the fourth quarter valued at about $502,000. Finally, Berkley W R Corp grew its holdings in shares of A Paradise Acquisition by 99.9% in the fourth quarter. Berkley W R Corp now owns 198,280 shares of the company’s stock valued at $1,993,000 after purchasing an additional 99,090 shares during the period.

A Paradise Acquisition Price Performance

Shares of APAD stock opened at $8.03 on Monday. The stock’s 50-day moving average is $9.08. A Paradise Acquisition Corp. has a 1-year low of $7.50 and a 1-year high of $14.00.

A Paradise Acquisition (NASDAQ:APAD) last announced its earnings results on Monday, May 4th. The company reported $0.08 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About A Paradise Acquisition

A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.

Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.