Mint Tower Capital Management B.V. bought a new position in shares of Stellar V Capital Corp. (NASDAQ:SVCC – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $2,044,000. Mint Tower Capital Management B.V. owned about 0.93% of Stellar V Capital at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Mizuho Securities USA LLC acquired a new stake in Stellar V Capital in the 1st quarter valued at $1,251,000. Gritstone Asset Management LLC bought a new position in shares of Stellar V Capital in the 2nd quarter valued at about $1,380,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Stellar V Capital in the second quarter valued at about $1,488,000. Wolverine Asset Management LLC bought a new stake in Stellar V Capital during the second quarter worth about $2,553,000. Finally, Alberta Investment Management Corp acquired a new position in Stellar V Capital during the second quarter valued at approximately $5,115,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Stellar V Capital in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.
Stellar V Capital Price Performance
Shares of NASDAQ:SVCC opened at $10.35 on Friday. Stellar V Capital Corp. has a 52-week low of $9.95 and a 52-week high of $10.40. The firm has a market cap of $223.72 million and a P/E ratio of 79.62. The firm has a 50-day moving average price of $10.33.
Stellar V Capital (NASDAQ:SVCC – Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported $0.07 earnings per share (EPS) for the quarter.
About Stellar V Capital
We are a blank check company incorporated on July 12, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.
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