Aristeia Capital L.L.C. bought a new position in shares of Lafayette Acquisition Corp. (NASDAQ:LAFA – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 400,000 shares of the company’s stock, valued at approximately $3,960,000. Aristeia Capital L.L.C. owned about 2.92% of Lafayette Acquisition as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Radcliffe Capital Management L.P. acquired a new stake in Lafayette Acquisition during the 4th quarter worth $1,980,000. Clear Street Group Inc. acquired a new stake in Lafayette Acquisition during the 4th quarter worth $1,273,000. 683 Capital Management LLC acquired a new stake in Lafayette Acquisition during the 4th quarter worth $2,475,000. First Trust Capital Management L.P. acquired a new stake in Lafayette Acquisition during the 4th quarter worth $2,970,000. Finally, AQR Arbitrage LLC acquired a new stake in Lafayette Acquisition during the 4th quarter worth $6,530,000.
Lafayette Acquisition Stock Performance
Shares of LAFA stock opened at $10.07 on Thursday. The firm’s 50-day moving average price is $10.04. Lafayette Acquisition Corp. has a twelve month low of $9.87 and a twelve month high of $10.20.
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 report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lafayette Acquisition has a consensus rating of “Sell”.
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.
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