LightWave Acquisition Corp. $LWAC Shares Bought by Clear Street Group Inc.

Clear Street Group Inc. lifted its stake in LightWave Acquisition Corp. (NASDAQ:LWAC) by 53.6% in the fourth quarter, HoldingsChannel reports. The fund owned 295,534 shares of the company’s stock after purchasing an additional 103,185 shares during the quarter. Clear Street Group Inc.’s holdings in LightWave Acquisition were worth $2,964,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of LightWave Acquisition in the 4th quarter worth approximately $246,000. Berkley W R Corp lifted its stake in shares of LightWave Acquisition by 11.1% in the 4th quarter. Berkley W R Corp now owns 248,050 shares of the company’s stock worth $2,488,000 after acquiring an additional 24,872 shares during the period. ABC Arbitrage SA acquired a new stake in shares of LightWave Acquisition in the 4th quarter worth approximately $351,000. Wolverine Asset Management LLC lifted its stake in shares of LightWave Acquisition by 40.3% in the 4th quarter. Wolverine Asset Management LLC now owns 140,302 shares of the company’s stock worth $1,410,000 after acquiring an additional 40,272 shares during the period. Finally, Gabelli Funds LLC acquired a new stake in shares of LightWave Acquisition in the 3rd quarter worth approximately $444,000.

LightWave Acquisition Price Performance

NASDAQ LWAC opened at $10.20 on Monday. LightWave Acquisition Corp. has a 1 year low of $9.81 and a 1 year high of $10.21. The business’s fifty day moving average is $10.19 and its two-hundred day moving average is $10.12.

LightWave Acquisition (NASDAQ:LWAC) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About LightWave Acquisition

Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.