Bank of Montreal Can acquired a new stake in Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA – Get Rating) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 800,000 shares of the company's stock, valued at approximately $7,968,000. Bank of Montreal Can owned about 4.78% of Seaport Calibre Materials Acquisition at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Karpus Management Inc. purchased a new stake in Seaport Calibre Materials Acquisition in the first quarter valued at approximately $496,000. Fifth Lane Capital LP purchased a new stake in shares of Seaport Calibre Materials Acquisition during the fourth quarter worth approximately $982,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Seaport Calibre Materials Acquisition during the fourth quarter worth approximately $1,977,000. Wolverine Asset Management LLC purchased a new stake in shares of Seaport Calibre Materials Acquisition during the first quarter worth approximately $2,128,000. Finally, Whitebox Advisors LLC purchased a new stake in shares of Seaport Calibre Materials Acquisition during the fourth quarter worth approximately $2,430,000. Hedge funds and other institutional investors own 69.64% of the company's stock.

Seaport Calibre Materials Acquisition Stock Performance

Seaport Calibre Materials Acquisition stock opened at $10.03 on Thursday. Seaport Calibre Materials Acquisition Corp. has a 12 month low of $9.72 and a 12 month high of $10.14. The business has a 50 day simple moving average of $10.00 and a 200-day simple moving average of $9.96.

Seaport Calibre Materials Acquisition Company Profile

Seaport Calibre Materials Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.

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