Berkley W R Corp Has $10.87 Million Stock Holdings in Globa Terra Acquisition Corp $GTERA

Berkley W R Corp boosted its stake in shares of Globa Terra Acquisition Corp (NASDAQ:GTERA) by 19.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,062,185 shares of the company’s stock after buying an additional 175,422 shares during the period. Berkley W R Corp’s holdings in Globa Terra Acquisition were worth $10,866,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wolverine Asset Management LLC lifted its stake in Globa Terra Acquisition by 1.1% in the 4th quarter. Wolverine Asset Management LLC now owns 1,162,340 shares of the company’s stock worth $11,740,000 after acquiring an additional 12,856 shares in the last quarter. Radcliffe Capital Management L.P. grew its position in Globa Terra Acquisition by 16.7% in the fourth quarter. Radcliffe Capital Management L.P. now owns 350,000 shares of the company’s stock worth $3,535,000 after acquiring an additional 50,000 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in Globa Terra Acquisition in the fourth quarter worth $1,515,000. Heights Capital Management Inc. bought a new stake in shares of Globa Terra Acquisition during the 4th quarter worth about $1,255,000. Finally, Rivernorth Capital Management LLC grew its holdings in Globa Terra Acquisition by 64.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 117,389 shares of the company’s stock valued at $1,186,000 after purchasing an additional 46,053 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Globa Terra Acquisition in a research note on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Globa Terra Acquisition Stock Up 0.1%

Shares of GTERA stock opened at $10.36 on Monday. The firm has a fifty day simple moving average of $10.31. Globa Terra Acquisition Corp has a 52-week low of $9.93 and a 52-week high of $10.35.

Globa Terra Acquisition (NASDAQ:GTERA) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.08 earnings per share for the quarter.

Globa Terra Acquisition (NASDAQ: GTERA) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations. Its primary corporate purpose is to raise capital in an initial public offering and to identify and complete a business combination that will result in a private operating company becoming publicly traded.

As a SPAC, Globa Terra Acquisition does not operate a traditional, revenue‑generating business prior to completion of its business combination.