Highbridge Capital Management LLC has recently announced that it has increased stake in LAMF Global Ventures Corp. I (NASDAQ:LGVC) by 67.97%. After grabbing 1.88 million shares, the institutional investor is now in possession of 0.76 million shares of the Financial Company. The new investment brought the stake of investor firm to 7.12% having worth around $19.16 million. Moreover, Millennium Management LLC increased its share by 0.71 million to have a control over 1.26 million shares. And Aristeia Capital LLC raised its holdings to 0.18 million shares by acquiring 1.03 million shares or 3.92% of the stake.
LAMF Global Ventures Corp. I (LGVC) concluded trading on 01/11/23 at a closing price of $10.30, with 0.51 million shares of worth about $5.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.04% during that period and on Wednesday the price remained unchanged. Currently the company’s common shares owned by public are about 34.84M shares, out of which, 33.65M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Calamos Market Neutral Income Fun, RiverNorth Opportunities Fund Inc, and Waratah Alternative ESG Fund are the top 3 mutual funds which are holding stakes in LAMF Global Ventures Corp. I Calamos Market Neutral Income Fun is currently holding 1.5 million shares of worth totaling $15.3 million. The company recently came buying 1.5 million shares which brought its stake up to 5.68% of the company’s outstanding shares. Waratah Alternative ESG Fund, after selling 53488.0 shares, have now control over 0.20% of the stake in the company. It holds 7939.0 shares of worth $0.55 million.
Stock saw a price change of 0.49% in past 5 days and over the past one month there was a price change of 0.98%. Over the period of past 52 weeks, stock dropped to lowest price of $9.81 but also hit the highest price of $10.71 during that period. The average intraday trading volume for LAMF Global Ventures Corp. I shares is 51.77K. The stock is currently trading 0.57% above its 20-day simple moving average (SMA20), while that difference is up 1.30% for SMA50 and it goes to 2.90% higher than SMA200.
Highbridge Capital Management LLC acquired 1.88 million shares of LAMF Global Ventures Corp. I having value of about $19.16 million. Data submitted at the U.S SEC by Highbridge Capital Management LLC revealed that the firm now holds 0.76 million shares in the company valued at close to $7830585.3, or have control over 67.97% stake in the company. LAMF Global Ventures Corp. I (NASDAQ: LGVC) currently have 34.84M outstanding shares and institutions hold larger chunk of about 81.10% of that. Holding of mutual funds in the company is about 6.75% while other institutional holders and individual stake holders have control over 70.72% and — of the stake respectively.
The stock has a current market capitalization of $358.85M. PE ratio of stock for trailing 12 months is 1144.44, while it has posted earnings per share of $0.01 in the same period. It has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LGVC, volatility over the week remained 0.02% while standing at 0.08% over the month.
Analysts at 0 brokerage firms have issued recommendations for the LAMF Global Ventures Corp. I (LGVC)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
