Magnetar Financial LLC Makes New Investment in LightWave Acquisition Corp. $LWAC

Magnetar Financial LLC purchased a new position in shares of LightWave Acquisition Corp. (NASDAQ:LWAC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,022,800 shares of the company’s stock, valued at approximately $10,279,000. Magnetar Financial LLC owned about 3.40% of LightWave Acquisition as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LWAC. Quarry LP acquired a new position in shares of LightWave Acquisition during the 4th quarter worth approximately $246,000. ABC Arbitrage SA acquired a new position in shares of LightWave Acquisition during the 4th quarter worth approximately $351,000. Gabelli Funds LLC acquired a new position in shares of LightWave Acquisition during the 3rd quarter worth approximately $444,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of LightWave Acquisition during the 3rd quarter worth approximately $551,000. Finally, L1 Global Manager Pty Ltd acquired a new position in shares of LightWave Acquisition during the 4th quarter worth approximately $752,000.

LightWave Acquisition Stock Performance

LWAC opened at $10.27 on Wednesday. LightWave Acquisition Corp. has a 1-year low of $9.81 and a 1-year high of $10.26. The stock’s fifty day simple moving average is $10.20 and its 200 day simple moving average is $10.13.

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

Analyst Ratings Changes

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

LightWave Acquisition Profile

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.