Starboard Value Acquisition (NASDAQ:SVAC) Issues Quarterly Earnings Results
by Amy Steele · The Cerbat GemStarboard Value Acquisition (NASDAQ:SVAC – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($13.80) EPS for the quarter, FiscalAI reports.
Starboard Value Acquisition Stock Up 0.6%
SVAC traded up $0.06 during trading on Friday, reaching $10.52. The stock had a trading volume of 125,849 shares, compared to its average volume of 287,623. Starboard Value Acquisition has a one year low of $10.03 and a one year high of $12.00. The business has a 50-day moving average of $10.29 and a 200-day moving average of $10.37.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in SVAC. Picton Mahoney Asset Management bought a new position in shares of Starboard Value Acquisition during the fourth quarter valued at about $10,360,000. Alberta Investment Management Corp bought a new position in shares of Starboard Value Acquisition during the fourth quarter valued at about $10,150,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of Starboard Value Acquisition during the fourth quarter valued at about $10,150,000. Fort Baker Capital Management LP bought a new position in shares of Starboard Value Acquisition during the fourth quarter valued at about $9,648,000. Finally, AQR Arbitrage LLC bought a new position in shares of Starboard Value Acquisition during the fourth quarter valued at about $9,481,000.
Starboard Value Acquisition Company 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.