Spartan Fund Management Inc. bought a new position in shares of ESGEN Acquisition Co. (NASDAQ:ESAC – Get Rating) during the third quarter, HoldingsChannel reports. The firm bought 150,000 shares of the company's stock, valued at approximately $1,521,000.
A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp acquired a new stake in ESGEN Acquisition during the first quarter worth about $103,000. Prelude Capital Management LLC bought a new position in ESGEN Acquisition during the first quarter worth about $850,000. Aristeia Capital LLC lifted its stake in ESGEN Acquisition by 25.0% during the second quarter. Aristeia Capital LLC now owns 500,000 shares of the company's stock worth $5,020,000 after purchasing an additional 100,000 shares during the period. Bank of Montreal Can bought a new position in ESGEN Acquisition during the second quarter worth about $1,214,000. Finally, Arena Capital Advisors LLC CA bought a new position in ESGEN Acquisition during the first quarter worth about $1,373,000. 74.60% of the stock is owned by institutional investors and hedge funds.
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ESGEN Acquisition Price Performance
ESAC remained flat at $10.34 during midday trading on Wednesday. 288,497 shares of the company's stock were exchanged, compared to its average volume of 167,342. ESGEN Acquisition Co. has a 1 year low of $9.88 and a 1 year high of $10.85. The company's 50 day moving average is $10.27 and its 200-day moving average is $10.16.
ESGEN Acquisition Profile
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ESGEN Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to target opportunities in the energy and infrastructure sector in North America.
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Want to see what other hedge funds are holding ESAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ESGEN Acquisition Co. (NASDAQ:ESAC – Get Rating).
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