Walleye Capital LLC recently announced the acquisition of new stake in Aries I Acquisition Corporation (NASDAQ:RAM). The institutional investor has increased its shareholding in the Financial company by 72.51% to 0.16 million shares with purchase of 67091.0 shares. This fresh investment now brings its stake to 6.95% valued currently at $1.64 million. In addition, Simplex Trading LLC raised its holdings by 83146.0 to 83146.0 shares.
With over 0.11 million Aries I Acquisition Corporation (RAM) shares trading Monday and a closing price of $10.35 on the day, the dollar volume was approximately $1.11 million. Currently, there are 11.93M common shares owned by the public and among those 2.27M shares have been available to trade.
The top 3 mutual fund holders in Aries I Acquisition Corporation are Lumyna – MW TOPS UCITS Fund, Lumyna – MW Systematic Alpha UCIT, and Fidelity Nasdaq Composite Index F. Lumyna – MW TOPS UCITS Fund owns 14201.0 shares of the company’s stock, all valued at over $0.15 million. The company bought an additional 14201.0 shares recently to bring their total holdings to about 0.62% of the shares outstanding. Fidelity Nasdaq Composite Index F now owns shares totaling to 0.26% of the shares outstanding.
Shares of Aries I Acquisition Corporation (NASDAQ: RAM) opened at $10.36, up $0.01 from a prior closing price of $10.35. The company’s stock has a 5-day price change of -0.10% and 1.37% over the past three months. RAM shares are trading 0.68% year to date (YTD), with the 12-month market performance up to 3.60% higher. It has a 12-month low price of $9.96 and touched a high of $11.43 over the same period. RAM has an average intraday trading volume of 27.30K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.42%, 1.03%, and 1.27% respectively.
Institutional ownership of Aries I Acquisition Corporation (NASDAQ: RAM) shares accounts for 92.70% of the company’s 11.93M shares outstanding. Mutual fund holders own 1.67%, while other institutional holders and individual stakeholders account for 52.26% and — respectively.
It has a market capitalization of $60.96M. The stock’s trailing 12-month PE ratio is 61.24, while the earnings-per-share (ttm) stands at $0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.19% over the week and 0.19% over the month.