Context Capital Management LLC Invests $6.52 Million in Starboard Value Acquisition Corp. $SVAC

Context Capital Management LLC acquired a new position in shares of Starboard Value Acquisition Corp. (NASDAQ:SVAC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 641,420 shares of the company’s stock, valued at approximately $6,517,000. Context Capital Management LLC owned 1.27% of Starboard Value Acquisition at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SVAC. Picton Mahoney Asset Management acquired a new stake in Starboard Value Acquisition in the fourth quarter valued at $10,360,000. Hudson Bay Capital Management LP acquired a new stake in Starboard Value Acquisition in the fourth quarter valued at $7,105,000. Periscope Capital Inc. acquired a new stake in Starboard Value Acquisition in the fourth quarter valued at $4,823,000. Mint Tower Capital Management B.V. acquired a new stake in Starboard Value Acquisition in the fourth quarter valued at $4,568,000. Finally, Wealthspring Capital LLC acquired a new stake in Starboard Value Acquisition in the fourth quarter valued at $4,080,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Starboard Value Acquisition presently has an average rating of “Sell”.

Starboard Value Acquisition Price Performance

Shares of SVAC stock opened at $10.33 on Friday. The stock’s 50-day moving average is $10.42 and its two-hundred day moving average is $10.39. Starboard Value Acquisition Corp. has a 1 year low of $10.03 and a 1 year high of $12.00.

Starboard Value Acquisition (NASDAQ:SVAC) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($13.80) earnings per share (EPS) for the quarter.

Starboard Value Acquisition Company Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.