Periscope Capital Inc. Purchases Shares of 454,400 LightWave Acquisition Corp. $LWAC

by · The Cerbat Gem

Periscope Capital Inc. purchased a new stake in LightWave Acquisition Corp. (NASDAQ:LWAC – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 454,400 shares of the company’s stock, valued at approximately $4,562,000. LightWave Acquisition comprises approximately 0.5% of Periscope Capital Inc.’s holdings, making the stock its 25th largest position. Periscope Capital Inc. owned about 1.51% of LightWave Acquisition as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LWAC. ABC Arbitrage SA bought a new stake in shares of LightWave Acquisition in the 4th quarter valued at about $351,000. Gabelli Funds LLC bought a new stake in shares of LightWave Acquisition in the 3rd quarter valued at about $444,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of LightWave Acquisition in the 3rd quarter valued at about $551,000. ATW Spac Management LLC bought a new stake in shares of LightWave Acquisition in the 3rd quarter valued at about $866,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of LightWave Acquisition in the 3rd quarter valued at about $866,000.

LightWave Acquisition Stock Performance

Shares of LightWave Acquisition stock opened at $10.20 on Friday. LightWave Acquisition Corp. has a one year low of $9.81 and a one year high of $10.21. The stock’s 50-day moving average is $10.18 and its 200 day moving average is $10.11.

LightWave Acquisition (NASDAQ:LWAC – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

View Our Latest Report on LWAC

LightWave Acquisition Profile

(Free Report)

Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.

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