Clear Street Group Inc. Makes New Investment in IG Acquisition Corp. $IGAC

Clear Street Group Inc. purchased a new position in IG Acquisition Corp. (NASDAQ:IGAC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 232,598 shares of the company’s stock, valued at approximately $2,289,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berkley W R Corp bought a new position in shares of IG Acquisition during the 4th quarter valued at about $975,000. StoneX Group Inc. bought a new position in shares of IG Acquisition during the 4th quarter valued at about $1,121,000. Hudson Bay Capital Management LP bought a new position in shares of IG Acquisition during the 4th quarter valued at about $2,523,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of IG Acquisition in the 4th quarter valued at about $3,936,000. Finally, First Trust Capital Management L.P. bought a new position in shares of IG Acquisition in the 4th quarter valued at about $4,920,000. Institutional investors own 38.82% of the company’s stock.

IG Acquisition Price Performance

Shares of NASDAQ:IGAC opened at $10.00 on Monday. The firm’s 50 day simple moving average is $9.97 and its 200-day simple moving average is $9.96. IG Acquisition Corp. has a one year low of $9.82 and a one year high of $10.02.

IG Acquisition (NASDAQ:IGAC) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

IG Acquisition Company Profile

IG Acquisition Corp. 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. The company was incorporated in 2020 and is based in New York, New York.