Woodline Partners LP purchased a new position in Signal Hill Acquisition Corp. (NASDAQ:SGHL – Get Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 350,000 shares of the company's stock, valued at approximately $3,465,000. Woodline Partners LP owned 2.80% of Signal Hill Acquisition as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in shares of Signal Hill Acquisition in the 2nd quarter worth about $206,000. Wealthspring Capital LLC bought a new stake in shares of Signal Hill Acquisition in the 2nd quarter worth $891,000. Deltec Asset Management LLC raised its position in Signal Hill Acquisition by 100.0% in the 2nd quarter. Deltec Asset Management LLC now owns 150,000 shares of the company's stock worth $1,485,000 after buying an additional 75,000 shares during the last quarter. Karpus Management Inc. bought a new stake in shares of Signal Hill Acquisition in the second quarter worth approximately $1,781,000. Finally, Wolverine Asset Management LLC purchased a new stake in Signal Hill Acquisition during the 2nd quarter valued at $1,850,000. Hedge funds and other institutional investors own 45.32% of the company's stock.

Signal Hill Acquisition Stock Down 0.1 %

Shares of SGHL opened at $10.03 on Monday. Signal Hill Acquisition Corp. has a one year low of $9.75 and a one year high of $11.02. The business has a fifty day moving average of $10.00 and a 200 day moving average of $9.98.

About Signal Hill Acquisition

Signal Hill Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses. It focusses its search on direct-to-consumer media, technology, or emerging digital enterprise focused businesses.

Further Reading

• Get a free copy of the StockNews.com research report on Signal Hill Acquisition (SGHL)
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