50,000 Shares in Texas Ventures Acquisition III Corp $TVA Bought by Lincoln Capital Corp

Lincoln Capital Corp acquired a new stake in Texas Ventures Acquisition III Corp (NASDAQ:TVA) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $520,000. Lincoln Capital Corp owned 0.19% of Texas Ventures Acquisition III as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TVA. Praetorian PR LLC acquired a new position in Texas Ventures Acquisition III during the 4th quarter worth about $2,077,000. Rivernorth Capital Management LLC increased its stake in shares of Texas Ventures Acquisition III by 33.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock valued at $4,233,000 after buying an additional 100,000 shares during the period. Millennium Management LLC raised its position in shares of Texas Ventures Acquisition III by 32.7% during the fourth quarter. Millennium Management LLC now owns 270,000 shares of the company’s stock worth $2,876,000 after acquiring an additional 66,502 shares during the last quarter. Governors Lane LP raised its position in shares of Texas Ventures Acquisition III by 11.5% during the fourth quarter. Governors Lane LP now owns 468,058 shares of the company’s stock worth $4,985,000 after acquiring an additional 48,258 shares during the last quarter. Finally, J. Goldman & Co LP lifted its stake in shares of Texas Ventures Acquisition III by 38.9% in the fourth quarter. J. Goldman & Co LP now owns 1,216,321 shares of the company’s stock worth $12,954,000 after acquiring an additional 340,735 shares during the period.

Analyst Ratings Changes

TVA has been the topic of several analyst reports. Wall Street Zen cut Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings raised shares of Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Texas Ventures Acquisition III Price Performance

TVA stock opened at $10.51 on Monday. The stock has a 50-day moving average price of $10.48 and a 200-day moving average price of $10.54. Texas Ventures Acquisition III Corp has a 1-year low of $10.06 and a 1-year high of $12.27.

Texas Ventures Acquisition III (NASDAQ:TVA) last announced its earnings results on Wednesday, April 15th. The company reported $0.17 EPS for the quarter.

Texas Ventures Acquisition III Company Profile

Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.