Cubist Systematic Strategies LLC boosted its holdings in Marblegate Acquisition Corp. (NASDAQ:GATE – Get Rating) by 9.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,467 shares of the company's stock after purchasing an additional 21,733 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.61% of Marblegate Acquisition worth $2,492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verition Fund Management LLC boosted its holdings in shares of Marblegate Acquisition by 32.2% in the first quarter. Verition Fund Management LLC now owns 616,417 shares of the company's stock valued at $6,072,000 after acquiring an additional 150,000 shares during the period. Prelude Capital Management LLC acquired a new stake in shares of Marblegate Acquisition in the first quarter valued at approximately $985,000. Goldman Sachs Group Inc. boosted its holdings in shares of Marblegate Acquisition by 6,590.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,164,175 shares of the company's stock valued at $11,467,000 after acquiring an additional 1,146,775 shares during the period. Royal Bank of Canada boosted its holdings in shares of Marblegate Acquisition by 34.1% in the first quarter. Royal Bank of Canada now owns 46,275 shares of the company's stock valued at $456,000 after acquiring an additional 11,775 shares during the period. Finally, Sculptor Capital LP acquired a new stake in shares of Marblegate Acquisition in the first quarter valued at approximately $359,000. 70.50% of the stock is owned by institutional investors and hedge funds.

Marblegate Acquisition Price Performance

Shares of NASDAQ GATE remained flat at $10.02 during mid-day trading on Thursday. The company has a 50 day simple moving average of $10.06 and a 200 day simple moving average of $9.98. Marblegate Acquisition Corp. has a 1-year low of $9.76 and a 1-year high of $10.29.

Marblegate Acquisition Company Profile

Marblegate Acquisition Corp. does not have significant operations. It focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

Further Reading

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