Picton Mahoney Asset Management Buys New Shares in Translational Development Acquisition Corp. (NASDAQ:TDACU)

Picton Mahoney Asset Management purchased a new stake in Translational Development Acquisition Corp. (NASDAQ:TDACU) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 250,000 shares of the company’s stock, valued at approximately $4,610,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Schechter Investment Advisors LLC bought a new stake in Translational Development Acquisition in the 4th quarter valued at $2,778,000. Wealthspring Capital LLC bought a new stake in Translational Development Acquisition in the 4th quarter valued at $1,095,000. MMCAP International Inc. SPC bought a new stake in Translational Development Acquisition in the 4th quarter valued at $6,454,000. Wolverine Asset Management LLC bought a new stake in Translational Development Acquisition in the 4th quarter valued at $5,716,000. Finally, Calamos Advisors LLC bought a new stake in shares of Translational Development Acquisition in the 4th quarter worth about $6,915,000.

Translational Development Acquisition Stock Performance

Translational Development Acquisition stock opened at $10.14 on Friday. The business has a 50-day simple moving average of $10.08. Translational Development Acquisition Corp. has a twelve month low of $10.00 and a twelve month high of $10.30.

Translational Development Acquisition Company Profile

Trident Acquisitions Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector.