Westchester Capital Management LLC raised its holdings in Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA – Get Rating) by 140.7% in the second quarter, Holdings Channel.com reports. The fund owned 216,594 shares of the company's stock after acquiring an additional 126,594 shares during the period. Westchester Capital Management LLC's holdings in Seaport Calibre Materials Acquisition were worth $2,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SCMA. Royal Bank of Canada acquired a new stake in Seaport Calibre Materials Acquisition in the 1st quarter valued at about $349,000. Berkley W R Corp acquired a new stake in Seaport Calibre Materials Acquisition in the 1st quarter valued at about $496,000. Karpus Management Inc. acquired a new stake in Seaport Calibre Materials Acquisition in the 1st quarter valued at about $496,000. Wolverine Asset Management LLC lifted its holdings in Seaport Calibre Materials Acquisition by 6.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 226,477 shares of the company's stock valued at $2,262,000 after acquiring an additional 12,777 shares during the last quarter. Finally, Radcliffe Capital Management L.P. lifted its holdings in Seaport Calibre Materials Acquisition by 50.0% in the 1st quarter. Radcliffe Capital Management L.P. now owns 300,000 shares of the company's stock valued at $2,978,000 after acquiring an additional 100,000 shares during the last quarter. 69.64% of the stock is owned by institutional investors and hedge funds.

Seaport Calibre Materials Acquisition Price Performance

NASDAQ SCMA traded up $0.01 on Monday, reaching $10.14. The company's stock had a trading volume of 302 shares, compared to its average volume of 72,474. The firm's 50 day moving average is $10.07 and its two-hundred day moving average is $10.02. Seaport Calibre Materials Acquisition Corp. has a twelve month low of $9.72 and a twelve month high of $10.14.

About Seaport Calibre Materials Acquisition

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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