Magnetar Financial LLC recently announced the acquisition of new stake in Ahren Acquisition Corp. (NASDAQ:AHRN). The institutional investor has increased its shareholding in the Financial company by 1,475.46% to 1.98 million shares with purchase of 1.86 million shares. This fresh investment now brings its stake to 6.61% valued currently at $20.3 million. In addition, Highbridge Capital Management LLC raised its holdings by 1.58 million to 1.78 million shares. And Cantor Fitzgerald Securities has lifted its position by 166.31% or 1.11 million shares – to 1.78 million shares.
With over 1.12 million Ahren Acquisition Corp. (AHRN) shares trading Tuesday and a closing price of $10.28 on the day, the dollar volume was approximately $11.49 million. The shares have shown a positive half year performance of 3.63% and its price on 01/17/23 gained nearly 0.19%. Currently, there are 37.50M common shares owned by the public and among those 27.50M shares have been available to trade.
The top 3 mutual fund holders in Ahren Acquisition Corp. are TOPS Market Neutral UCITS FUND, Franklin K2 Alternative Strategie, and Robinson Alternative Yield Pre-me. TOPS Market Neutral UCITS FUND owns 96434.0 shares of the company’s stock, all valued at over $0.99 million. The company bought an additional 96434.0 shares recently to bring their total holdings to about 0.32% of the shares outstanding. Robinson Alternative Yield Pre-me now owns shares totaling to 0.09% of the shares outstanding.
Shares of Ahren Acquisition Corp. (NASDAQ: AHRN) opened at $10.27, up $0.01 from a prior closing price of $10.26. However, the script later moved the day high at 10.29, up 0.19%. The company’s stock has a 5-day price change of 0.49% and 3.21% over the past three months. It has a 12-month low price of $9.76 and touched a high of $10.26 over the same period. AHRN has an average intraday trading volume of 82.87K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.69%, 1.44%, and 2.73% respectively.
Institutional ownership of Ahren Acquisition Corp. (NASDAQ: AHRN) shares accounts for 91.70% of the company’s 37.50M shares outstanding. Mutual fund holders own 0.76%, while other institutional holders and individual stakeholders account for 94.53% and — respectively.
It has a market capitalization of $384.37M. The stock’s trailing 12-month PE ratio is 43.93, while the earnings-per-share (ttm) stands at $0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.06% over the week and 0.04% over the month.