683 Capital Management LLC purchased a new stake in Lafayette Acquisition Corp. (NASDAQ:LAFA – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 250,000 shares of the company’s stock, valued at approximately $2,475,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC purchased a new stake in Lafayette Acquisition in the 4th quarter valued at $248,000. Clear Street Group Inc. purchased a new stake in Lafayette Acquisition in the 4th quarter valued at $1,273,000. Berkley W R Corp purchased a new position in Lafayette Acquisition during the 4th quarter worth $1,473,000. Radcliffe Capital Management L.P. purchased a new position in Lafayette Acquisition during the 4th quarter worth $1,980,000. Finally, First Trust Capital Management L.P. purchased a new position in Lafayette Acquisition during the 4th quarter worth $2,970,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Lafayette Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.
Lafayette Acquisition Stock Performance
Shares of NASDAQ LAFA opened at $10.07 on Thursday. Lafayette Acquisition Corp. has a 52 week low of $9.87 and a 52 week high of $10.20. The company has a 50-day simple moving average of $10.04.
Lafayette Acquisition (NASDAQ:LAFA – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 EPS for the quarter.
About Lafayette Acquisition
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.
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Want to see what other hedge funds are holding LAFA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lafayette Acquisition Corp. (NASDAQ:LAFA – Free Report).
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