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Glazer Capital LLC Has $22.23 Million Position in Investcorp Europe Acquisition Corp I (NASDAQ:IVCB)

Financial News Live ·  Feb 22, 2023 10:12

Glazer Capital LLC raised its stake in Investcorp Europe Acquisition Corp I (NASDAQ:IVCB – Get Rating) by 18.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,198,601 shares of the company's stock after purchasing an additional 342,913 shares during the quarter. Glazer Capital LLC owned approximately 0.05% of Investcorp Europe Acquisition Corp I worth $22,228,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IVCB. UBS Group AG raised its holdings in Investcorp Europe Acquisition Corp I by 4,722.5% in the 2nd quarter. UBS Group AG now owns 3,424 shares of the company's stock valued at $34,000 after acquiring an additional 3,353 shares in the last quarter. Timelo Investment Management Inc. acquired a new position in shares of Investcorp Europe Acquisition Corp I in the 3rd quarter valued at about $101,000. Mizuho Securities USA LLC bought a new stake in Investcorp Europe Acquisition Corp I during the 3rd quarter worth approximately $146,000. PEAK6 Investments LLC bought a new position in shares of Investcorp Europe Acquisition Corp I in the first quarter valued at approximately $250,000. Finally, Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in shares of Investcorp Europe Acquisition Corp I during the first quarter worth $345,000. 61.76% of the stock is owned by institutional investors and hedge funds.

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Investcorp Europe Acquisition Corp I Price Performance

NASDAQ IVCB opened at $10.39 on Wednesday. The business's 50-day moving average is $10.34 and its 200 day moving average is $10.21. Investcorp Europe Acquisition Corp I has a 1 year low of $9.88 and a 1 year high of $11.39.

Investcorp Europe Acquisition Corp I Profile

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Investcorp Europe Acquisition Corp I does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other transaction with one or more businesses or assets in the business services, consumer and lifestyle, niche manufacturing, and technology sectors in Western Europe.

Further Reading

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