Wealthspring Capital LLC Purchases 281,250 Shares of Duddell Street Acquisition Corp. $DSAC

Wealthspring Capital LLC acquired a new position in shares of Duddell Street Acquisition Corp. (NASDAQ:DSAC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 281,250 shares of the company’s stock, valued at approximately $2,852,000. Wealthspring Capital LLC owned approximately 1.29% of Duddell Street Acquisition as of its most recent filing with the Securities and Exchange Commission.

Separately, T3 Companies LLC bought a new stake in shares of Duddell Street Acquisition during the third quarter valued at about $142,000. Institutional investors own 65.07% of the company’s stock.

Duddell Street Acquisition Price Performance

Duddell Street Acquisition stock opened at $10.12 on Monday. Duddell Street Acquisition Corp. has a fifty-two week low of $9.90 and a fifty-two week high of $10.47. The firm’s fifty day moving average price is $10.14 and its 200-day moving average price is $10.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Duddell Street Acquisition to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings raised shares of Duddell Street Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About Duddell Street Acquisition

Duddell Street Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more operating companies. Rather than selling products or services of its own, the company was established to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction.

The company’s stated acquisition strategy has focused on identifying businesses with operations or growth opportunities in sectors such as financial services, technology, media and telecommunications, consumer products and services, and healthcare.