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Fir Tree Capital Management LP Raises Holdings in ExcelFin Acquisition Corp. (NASDAQ:XFIN)

Defense World ·  Sep 13, 2022 05:22

Fir Tree Capital Management LP grew its stake in ExcelFin Acquisition Corp. (NASDAQ:XFIN – Get Rating) by 48.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 890,789 shares of the company's stock after buying an additional 290,789 shares during the quarter. Fir Tree Capital Management LP's holdings in ExcelFin Acquisition were worth $8,881,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in XFIN. Governors Lane LP purchased a new position in ExcelFin Acquisition in the first quarter worth approximately $4,985,000. Goldman Sachs Group Inc. purchased a new stake in shares of ExcelFin Acquisition during the 1st quarter worth $4,387,000. Rivernorth Capital Management LLC acquired a new position in shares of ExcelFin Acquisition during the first quarter worth $496,000. Aristeia Capital LLC purchased a new position in ExcelFin Acquisition in the first quarter valued at $4,574,000. Finally, Prelude Capital Management LLC acquired a new stake in ExcelFin Acquisition in the first quarter valued at $618,000. 63.94% of the stock is currently owned by hedge funds and other institutional investors.

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ExcelFin Acquisition Price Performance

NASDAQ:XFIN opened at $9.96 on Tuesday. ExcelFin Acquisition Corp. has a 1 year low of $9.67 and a 1 year high of $10.50. The stock has a 50-day simple moving average of $9.97 and a 200-day simple moving average of $9.95.

ExcelFin Acquisition Company Profile

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ExcelFin Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in San Francisco, California.

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