Clear Street Group Inc. Makes New $1.27 Million Investment in Lafayette Acquisition Corp. $LAFA

Clear Street Group Inc. bought a new position in shares of Lafayette Acquisition Corp. (NASDAQ:LAFA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 128,630 shares of the company’s stock, valued at approximately $1,273,000.

Separately, Berkley W R Corp purchased a new position in Lafayette Acquisition during the fourth quarter worth about $1,473,000.

Wall Street Analysts Forecast Growth

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

Lafayette Acquisition Stock Performance

Lafayette Acquisition stock opened at $10.10 on Monday. The company has a 50 day moving average of $10.04. Lafayette Acquisition Corp. has a 1 year low of $9.87 and a 1 year high of $10.20.

Lafayette Acquisition (NASDAQ:LAFA) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Lafayette Acquisition Company Profile

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank‑check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.

The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.