Gabelli Funds LLC Makes New Investment in Emmis Acquisition Corp. $EMIS

Gabelli Funds LLC bought a new position in shares of Emmis Acquisition Corp. (NASDAQ:EMIS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 135,000 shares of the company’s stock, valued at approximately $1,343,000.

Separately, Wolverine Asset Management LLC acquired a new position in shares of Emmis Acquisition during the 4th quarter worth approximately $4,876,000.

Emmis Acquisition Stock Performance

NASDAQ EMIS opened at $10.10 on Friday. The stock’s 50 day moving average price is $10.08. Emmis Acquisition Corp. has a 1 year low of $9.90 and a 1 year high of $10.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Emmis Acquisition in a research report on Tuesday, January 27th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Emmis Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.