Mangrove Partners IM LLC purchased a new position in Emmis Acquisition Corp. (NASDAQ:EMIS – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 500,000 shares of the company’s stock, valued at approximately $4,975,000. Emmis Acquisition makes up 0.4% of Mangrove Partners IM LLC’s holdings, making the stock its 25th biggest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of EMIS. Wolverine Asset Management LLC purchased a new stake in Emmis Acquisition in the fourth quarter worth about $4,876,000. ABC Arbitrage SA purchased a new stake in Emmis Acquisition in the fourth quarter worth about $398,000. Gabelli Funds LLC purchased a new stake in Emmis Acquisition in the fourth quarter worth about $1,343,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Emmis Acquisition in the fourth quarter worth about $1,563,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Emmis Acquisition in the fourth quarter worth about $1,097,000.
Emmis Acquisition Price Performance
Shares of EMIS opened at $10.20 on Wednesday. Emmis Acquisition Corp. has a 52 week low of $9.90 and a 52 week high of $10.15. The stock has a 50-day moving average of $10.11.
Emmis Acquisition Company Profile
We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. 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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