Berkley W R Corp Sells 649,375 Shares of Keen Vision Acquisition Corporation $KVAC

Berkley W R Corp trimmed its position in Keen Vision Acquisition Corporation (NASDAQ:KVAC) by 86.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 99,997 shares of the company’s stock after selling 649,375 shares during the period. Berkley W R Corp’s holdings in Keen Vision Acquisition were worth $1,210,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Clear Street Group Inc. increased its holdings in Keen Vision Acquisition by 86.6% during the fourth quarter. Clear Street Group Inc. now owns 61,530 shares of the company’s stock worth $723,000 after buying an additional 28,553 shares during the last quarter. Meteora Capital LLC bought a new stake in Keen Vision Acquisition during the 3rd quarter valued at $120,000. Finally, Crossingbridge Advisors LLC lifted its holdings in Keen Vision Acquisition by 8.9% during the 4th quarter. Crossingbridge Advisors LLC now owns 71,032 shares of the company’s stock worth $835,000 after purchasing an additional 5,776 shares in the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

Keen Vision Acquisition Stock Up 0.2%

Shares of NASDAQ:KVAC opened at $12.82 on Monday. Keen Vision Acquisition Corporation has a 12-month low of $11.41 and a 12-month high of $12.99. The stock’s 50-day moving average price is $12.29 and its 200-day moving average price is $12.10.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Keen Vision Acquisition in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Keen Vision Acquisition

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.