Berkley W R Corp Lowers Position in Cayson Acquisition Corp $CAPN

Berkley W R Corp cut its stake in shares of Cayson Acquisition Corp (NASDAQ:CAPN) by 34.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 497,282 shares of the company’s stock after selling 266,020 shares during the quarter. Berkley W R Corp owned approximately 0.09% of Cayson Acquisition worth $5,470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAPN. Crossingbridge Advisors LLC acquired a new stake in shares of Cayson Acquisition in the fourth quarter worth $92,000. Quarry LP purchased a new position in shares of Cayson Acquisition during the 3rd quarter valued at approximately $152,000. Radcliffe Capital Management L.P. acquired a new position in Cayson Acquisition during the 2nd quarter worth $280,000. Clear Street Group Inc. grew its stake in Cayson Acquisition by 7.6% in the fourth quarter. Clear Street Group Inc. now owns 107,793 shares of the company’s stock worth $1,147,000 after purchasing an additional 7,601 shares in the last quarter. Finally, Whitebox Advisors LLC bought a new stake in shares of Cayson Acquisition in the 2nd quarter valued at approximately $1,290,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cayson Acquisition in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Cayson Acquisition Price Performance

Shares of NASDAQ CAPN opened at $11.10 on Monday. Cayson Acquisition Corp has a twelve month low of $10.32 and a twelve month high of $11.44. The firm has a 50-day moving average of $11.04 and a two-hundred day moving average of $10.91.

Cayson Acquisition (NASDAQ:CAPN) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.03 earnings per share (EPS) for the quarter.

Cayson Acquisition Profile

Cayson Acquisition Corp. is a Cayman Islands–incorporated blank check company formed in early 2021 to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021 and is listed on the Nasdaq under the ticker symbol CAPN. As a special purpose acquisition company, Cayson Acquisition currently holds its capital in a trust account pending the execution of a qualifying transaction.

The company’s management team is focused on identifying high-growth opportunities across a range of industries, including technology, healthcare, consumer products and business services.