Highbridge Capital Management LLC has recently announced that it has increased stake in Home Plate Acquisition Corp. (NASDAQ:HPLT) by 551.63%. After grabbing 0.65 million shares, the institutional investor is now in possession of 0.55 million shares of the Financial Company. The new investment brought the stake of investor firm to 3.26% having worth around $6.54 million.
Home Plate Acquisition Corp. (HPLT) concluded trading on 01/19/23 at a closing price of $10.09, with 1.01 million shares of worth about $10.23 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.59% during that period and on Thursday the price remained unchanged. Currently the company’s common shares owned by public are about 25.00M shares, out of which, 19.10M shares are available for trading.
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Merger Fund, Lumyna – MW TOPS UCITS Fund, and Lumyna – MW Systematic Alpha UCIT are the top 3 mutual funds which are holding stakes in Home Plate Acquisition Corp. Merger Fund is currently holding 0.32 million shares of worth totaling $3.23 million. The company recently came buying 0.0 shares which brought its stake up to 1.61% of the company’s outstanding shares. Lumyna – MW Systematic Alpha UCIT, after buying 89812.0 shares, have now control over 0.45% of the stake in the company. It holds 89812.0 shares of worth $0.9 million.
Home Plate Acquisition Corp. (NASDAQ: HPLT) started trading at $10.10, above $0.01 from concluding price of the previous day. Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of 1.41%. Over the period of past 52 weeks, stock dropped to lowest price of $9.65 but also hit the highest price of $10.30 during that period. The average intraday trading volume for Home Plate Acquisition Corp. shares is 84.15K. The stock is currently trading 0.69% above its 20-day simple moving average (SMA20), while that difference is up 1.56% for SMA50 and it goes to 2.75% higher than SMA200.
Highbridge Capital Management LLC acquired 0.65 million shares of Home Plate Acquisition Corp. having value of about $6.54 million. Data submitted at the U.S SEC by Highbridge Capital Management LLC revealed that the firm now holds 0.55 million shares in the company valued at close to $5565987.06, or have control over 551.63% stake in the company. Home Plate Acquisition Corp. (NASDAQ: HPLT) currently have 25.00M outstanding shares and institutions hold larger chunk of about 92.00% of that. Holding of mutual funds in the company is about 3.70% while other institutional holders and individual stake holders have control over 79.62% and — of the stake respectively.
The stock has a current market capitalization of $252.05M. PE ratio of stock for trailing 12 months is 18.62, while it has posted earnings per share of $0.54 in the same period. It has Quick Ratio of 2.50 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 HPLT, volatility over the week remained 0.08% while standing at 0.12% over the month.
