Virtu Financial LLC acquired a new stake in GigInternational1, Inc. (NASDAQ:GIW – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,840 shares of the company’s stock, valued at approximately $651,000. Virtu Financial LLC owned approximately 0.24% of GigInternational1 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in GIW. Quarry LP acquired a new stake in shares of GigInternational1 during the fourth quarter worth about $47,000. Geode Capital Management LLC acquired a new stake in shares of GigInternational1 in the 4th quarter valued at about $193,000. Stoic Point Capital Management LLC purchased a new position in GigInternational1 during the 4th quarter worth approximately $391,000. ABC Arbitrage SA purchased a new position in GigInternational1 during the 4th quarter worth approximately $396,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in GigInternational1 during the fourth quarter worth approximately $396,000. Hedge funds and other institutional investors own 14.01% of the company’s stock.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, GigInternational1 presently has a consensus rating of “Sell”.
GigInternational1 Price Performance
Shares of GigInternational1 stock opened at $10.07 on Tuesday. GigInternational1, Inc. has a 1 year low of $9.87 and a 1 year high of $10.09. The company’s fifty day moving average is $10.04 and its two-hundred day moving average is $9.98.
About GigInternational1
GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.
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