Elequin Capital LP cut its stake in shares of Alpha Star Acquisition Co. (NASDAQ:ALSA – Get Rating) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,265 shares of the company's stock after selling 5,000 shares during the quarter. Elequin Capital LP owned approximately 0.27% of Alpha Star Acquisition worth $396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UBS Group AG raised its position in shares of Alpha Star Acquisition by 159.2% in the 2nd quarter. UBS Group AG now owns 6,189 shares of the company's stock worth $61,000 after acquiring an additional 3,801 shares in the last quarter. RPO LLC raised its position in shares of Alpha Star Acquisition by 2.2% in the 3rd quarter. RPO LLC now owns 240,203 shares of the company's stock worth $2,421,000 after acquiring an additional 5,203 shares in the last quarter. Centiva Capital LP raised its position in shares of Alpha Star Acquisition by 36.6% in the 2nd quarter. Centiva Capital LP now owns 23,688 shares of the company's stock worth $235,000 after acquiring an additional 6,342 shares in the last quarter. Warberg Asset Management LLC bought a new position in shares of Alpha Star Acquisition in the 3rd quarter worth about $213,000. Finally, Shaolin Capital Management LLC raised its position in shares of Alpha Star Acquisition by 7.3% in the 3rd quarter. Shaolin Capital Management LLC now owns 369,265 shares of the company's stock worth $3,722,000 after acquiring an additional 25,000 shares in the last quarter. 68.21% of the stock is owned by institutional investors and hedge funds.

Alpha Star Acquisition Stock Performance

Shares of ALSA stock traded up $0.02 during mid-day trading on Wednesday, hitting $10.47. The company's stock had a trading volume of 170,653 shares, compared to its average volume of 19,293. The company's fifty day simple moving average is $10.36 and its 200-day simple moving average is $10.22. Alpha Star Acquisition Co. has a 52 week low of $9.86 and a 52 week high of $10.48.

Alpha Star Acquisition Company Profile

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Alpha Star Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia.

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