Aristeia Capital L.L.C. Takes Position in Starboard Value Acquisition Corp. $SVAC

Aristeia Capital L.L.C. acquired a new stake in Starboard Value Acquisition Corp. (NASDAQ:SVAC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 350,000 shares of the company’s stock, valued at approximately $3,552,000. Aristeia Capital L.L.C. owned 0.69% of Starboard Value Acquisition at the end of the most recent quarter.

Several other large investors have also modified their holdings of SVAC. First Trust Capital Management L.P. acquired a new stake in shares of Starboard Value Acquisition in the third quarter valued at approximately $3,466,000. Gritstone Asset Management LLC acquired a new stake in shares of Starboard Value Acquisition in the fourth quarter valued at approximately $1,015,000. Wealthspring Capital LLC acquired a new stake in shares of Starboard Value Acquisition in the fourth quarter valued at approximately $4,080,000. HighTower Advisors LLC acquired a new stake in shares of Starboard Value Acquisition in the fourth quarter valued at approximately $684,000. Finally, Periscope Capital Inc. acquired a new stake in shares of Starboard Value Acquisition in the fourth quarter valued at approximately $4,823,000.

Starboard Value Acquisition Stock Up 0.1%

Shares of NASDAQ SVAC opened at $10.31 on Thursday. The stock has a fifty day moving average price of $10.43 and a 200 day moving average price of $10.39. Starboard Value Acquisition Corp. has a 1-year low of $10.03 and a 1-year high of $12.00.

Starboard Value Acquisition (NASDAQ:SVAC) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($13.80) earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Starboard Value Acquisition Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.