Warburg Pincus Capital Co. I-B (NYSE:WPCB – Get Rating)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $10.10 and last traded at $10.10, with a volume of 2200 shares. The stock had previously closed at $10.08.

Warburg Pincus Capital Co. I-B Stock Performance

The stock's 50 day moving average price is $10.02 and its 200 day moving average price is $9.92.

Hedge Funds Weigh In On Warburg Pincus Capital Co. I-B

A number of large investors have recently modified their holdings of WPCB. Bank of America Corp DE boosted its stake in shares of Warburg Pincus Capital Co. I-B by 991.9% during the 1st quarter. Bank of America Corp DE now owns 1,091,864 shares of the company's stock worth $10,722,000 after buying an additional 991,864 shares during the last quarter. Saba Capital Management L.P. raised its holdings in shares of Warburg Pincus Capital Co. I-B by 124.3% in the 1st quarter. Saba Capital Management L.P. now owns 992,397 shares of the company's stock valued at $9,745,000 after purchasing an additional 550,000 shares during the period. Westchester Capital Management LLC bought a new stake in shares of Warburg Pincus Capital Co. I-B in the 3rd quarter valued at about $4,712,000. Weiss Asset Management LP raised its holdings in shares of Warburg Pincus Capital Co. I-B by 17.3% in the 3rd quarter. Weiss Asset Management LP now owns 1,712,404 shares of the company's stock valued at $16,987,000 after purchasing an additional 252,789 shares during the period. Finally, Mint Tower Capital Management B.V. raised its holdings in shares of Warburg Pincus Capital Co. I-B by 107.4% in the 3rd quarter. Mint Tower Capital Management B.V. now owns 482,808 shares of the company's stock valued at $4,789,000 after purchasing an additional 250,000 shares during the period. 76.68% of the stock is currently owned by institutional investors and hedge funds.

About Warburg Pincus Capital Co. I-B

Warburg Pincus Capital Corporation I-B does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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