DLD Asset Management LP bought a new position in shares of A Paradise Acquisition Corp. (NASDAQ:APAD – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 97,130 shares of the company’s stock, valued at approximately $988,000. DLD Asset Management LP owned about 0.47% of A Paradise Acquisition at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC bought a new position in shares of A Paradise Acquisition in the 4th quarter valued at about $9,824,000. Highbridge Capital Management LLC bought a new stake in shares of A Paradise Acquisition in the 4th quarter valued at about $8,888,000. Magnetar Financial LLC acquired a new stake in A Paradise Acquisition in the 4th quarter valued at about $8,040,000. Wolverine Asset Management LLC grew its holdings in A Paradise Acquisition by 23.9% during the fourth quarter. Wolverine Asset Management LLC now owns 719,819 shares of the company’s stock worth $7,234,000 after purchasing an additional 138,819 shares during the period. Finally, Verition Fund Management LLC grew its holdings in A Paradise Acquisition by 6.3% during the fourth quarter. Verition Fund Management LLC now owns 717,331 shares of the company’s stock worth $7,209,000 after purchasing an additional 42,331 shares during the period.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
A Paradise Acquisition Stock Performance
A Paradise Acquisition stock opened at $8.03 on Thursday. A Paradise Acquisition Corp. has a 12 month low of $7.50 and a 12 month high of $14.00. The company has a 50 day moving average price of $8.03.
A Paradise Acquisition (NASDAQ:APAD – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.08 earnings per share for the quarter.
A Paradise Acquisition Company Profile
A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.
Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.
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