310,698 Shares in Lafayette Acquisition Corp. $LAFA Acquired by Lineage Point Capital LP

Lineage Point Capital LP bought a new stake in shares of Lafayette Acquisition Corp. (NASDAQ:LAFA) in the fourth quarter, Holdings Channel reports. The firm bought 310,698 shares of the company’s stock, valued at approximately $3,076,000.

A number of other hedge funds have also modified their holdings of the stock. Schonfeld Strategic Advisors LLC acquired a new stake in Lafayette Acquisition during the fourth quarter valued at $248,000. Moore Capital Management LP acquired a new position in Lafayette Acquisition in the 4th quarter worth about $990,000. Clear Street Group Inc. acquired a new position in Lafayette Acquisition in the 4th quarter worth about $1,273,000. Berkley W R Corp acquired a new position in Lafayette Acquisition in the 4th quarter worth about $1,473,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in shares of Lafayette Acquisition during the 4th quarter worth about $1,980,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Lafayette Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Lafayette Acquisition Stock Down 0.3%

LAFA opened at $10.07 on Friday. Lafayette Acquisition Corp. has a 52-week low of $9.87 and a 52-week high of $10.20. The business’s 50-day moving average is $10.04.

Lafayette Acquisition (NASDAQ:LAFA) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter.

About Lafayette Acquisition

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank‑check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.

The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.