Fir Tree Capital Management LP lifted its position in shares of Direct Selling Acquisition Corp. (NYSE:DSAQ – Get Rating) by 7.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,043,317 shares of the company's stock after buying an additional 75,000 shares during the quarter. Fir Tree Capital Management LP's holdings in Direct Selling Acquisition were worth $10,433,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of DSAQ. Eisler Capital UK Ltd. lifted its stake in shares of Direct Selling Acquisition by 0.7% during the fourth quarter. Eisler Capital UK Ltd. now owns 201,300 shares of the company's stock valued at $1,998,000 after buying an additional 1,300 shares during the period. Saba Capital Management L.P. lifted its stake in shares of Direct Selling Acquisition by 671.4% during the fourth quarter. Saba Capital Management L.P. now owns 1,928,598 shares of the company's stock valued at $19,151,000 after buying an additional 1,678,598 shares during the period. Deltec Asset Management LLC purchased a new position in shares of Direct Selling Acquisition during the first quarter valued at approximately $350,000. Arena Investors LP purchased a new position in shares of Direct Selling Acquisition during the first quarter valued at approximately $196,000. Finally, Bank of Montreal Can purchased a new position in shares of Direct Selling Acquisition during the first quarter valued at approximately $10,511,000. Hedge funds and other institutional investors own 72.50% of the company's stock.
Get Direct Selling Acquisition alerts:Direct Selling Acquisition Price Performance
Shares of DSAQ opened at $10.08 on Tuesday. The company's 50 day simple moving average is $10.07 and its 200 day simple moving average is $10.03. Direct Selling Acquisition Corp. has a 1 year low of $9.78 and a 1 year high of $10.12.
About Direct Selling Acquisition
(Get Rating)Direct Selling Acquisition Corp. does not have significant operations. The company intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on searching businesses within the direct selling industry.
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