Context Capital Management LLC Reduces Stock Holdings in Starboard Value Acquisition Corp. $SVAC

Context Capital Management LLC lowered its holdings in shares of Starboard Value Acquisition Corp. (NASDAQ:SVAC) by 31.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 441,420 shares of the company’s stock after selling 200,000 shares during the quarter. Context Capital Management LLC’s holdings in Starboard Value Acquisition were worth $4,485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SVAC. Clear Street Group Inc. purchased a new position in shares of Starboard Value Acquisition in the fourth quarter worth approximately $73,000. Virtu Financial LLC bought a new position in Starboard Value Acquisition in the fourth quarter worth approximately $186,000. Cannon Global Investment Management LLC purchased a new stake in shares of Starboard Value Acquisition in the 1st quarter worth $279,000. Boothbay Fund Management LLC bought a new position in Starboard Value Acquisition in the 4th quarter worth $445,000. Finally, HighTower Advisors LLC bought a new position in Starboard Value Acquisition in the 4th quarter worth $684,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Starboard Value Acquisition Stock Performance

SVAC opened at $9.12 on Monday. The company has a 50 day simple moving average of $10.15 and a two-hundred day simple moving average of $10.30. Starboard Value Acquisition Corp. has a 1-year low of $7.35 and a 1-year high of $12.00.

Starboard Value Acquisition (NASDAQ:SVAC) last released its earnings results on Thursday, May 14th. The company reported ($13.80) earnings per share for the quarter.

Starboard Value Acquisition Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.