share_log

Marblegate Acquisition Corp. (NASDAQ:GATE) Shares Purchased by Cubist Systematic Strategies LLC

Financial News Live ·  Jan 12, 2023 13:11

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.

Get Marblegate Acquisition alerts:

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

(Get Rating)

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

  • Get a free copy of the StockNews.com research report on Marblegate Acquisition (GATE)
  • Is The Great Alibaba Recovery About To Begin?
  • KB Home, Another Reason To Shed Home Building Stocks
  • Is Wendy's Stock Uptrend Set To Continue?
  • Altria Group Stock, Is Time is Running Out?
  • Why Did the JinkoSolar Stock Price Rally 45%?

Want to see what other hedge funds are holding GATE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marblegate Acquisition Corp. (NASDAQ:GATE – Get Rating).

Receive News & Ratings for Marblegate Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marblegate Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment