Glazer Capital LLC recently announced the acquisition of new stake in SVF Investment Corp. (NASDAQ:SVFA). The institutional investor has increased its shareholding in the Financial company by 48.61% to 3.84 million shares with purchase of 1.26 million shares. This fresh investment now brings its stake to 7.74% valued currently at $38.83 million. In addition, Weiss Asset Management LP raised its holdings by 0.44 million to 2.44 million shares. And Sculptor Capital LP has lifted its position by 2.24% or 43367.0 shares – to 1.98 million shares.
With over 7.86 million SVF Investment Corp. (SVFA) shares trading Friday and a closing price of $10.15 on the day, the dollar volume was approximately $79.83 million. The shares have shown a positive half year performance of 3.05% and its price on 01/13/23 gained nearly 0.10%. Currently, there are 75.47M common shares owned by the public and among those 36.31M shares have been available to trade.
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Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in SVF Investment Corp. are Merger Fund, First Trust Merger Arbitrage Fund, and Lyxor Newcits IRL Plc – Tiedemann. Merger Fund owns 0.87 million shares of the company’s stock, all valued at over $8.83 million. Lyxor Newcits IRL Plc – Tiedemann bought 0.41 million shares to bring its total holdings to over 0.41 million shares at a value of $4.14 million. Lyxor Newcits IRL Plc – Tiedemann now owns shares totaling to 0.83% of the shares outstanding.
However, the script later moved the day high at 10.15, up 0.10%. The company’s stock has a 5-day price change of 0.30% and 1.70% over the past three months. SVFA shares are trading 0.40% year to date (YTD), with the 12-month market performance up to 2.32% higher. It has a 12-month low price of $9.71 and touched a high of $10.14 over the same period. SVFA has an average intraday trading volume of 136.55K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.41%, 0.81%, and 2.24% respectively.
Institutional ownership of SVF Investment Corp. (NASDAQ: SVFA) shares accounts for 93.20% of the company’s 75.47M shares outstanding. Mutual fund holders own 7.67%, while other institutional holders and individual stakeholders account for 86.35% and — respectively.
It has a market capitalization of $656.10M. The stock’s trailing 12-month PE ratio is 24.52, while the earnings-per-share (ttm) stands at $0.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.15% over the week and 0.17% over the month.
