Elequin Capital LP boosted its stake in shares of AltEnergy Acquisition Corp. (NASDAQ:AEAE – Get Rating) by 14.4% in the third quarter, Holdings Channel reports. The firm owned 57,180 shares of the company's stock after acquiring an additional 7,180 shares during the period. Elequin Capital LP's holdings in AltEnergy Acquisition were worth $574,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Saba Capital Management L.P. boosted its position in AltEnergy Acquisition by 61.7% during the third quarter. Saba Capital Management L.P. now owns 524,345 shares of the company's stock worth $5,249,000 after purchasing an additional 200,000 shares during the period. Marshall Wace LLP boosted its position in AltEnergy Acquisition by 124.7% during the third quarter. Marshall Wace LLP now owns 666,985 shares of the company's stock worth $6,697,000 after purchasing an additional 370,207 shares during the period. First Trust Capital Management L.P. bought a new stake in AltEnergy Acquisition during the third quarter worth approximately $1,076,000. Shaolin Capital Management LLC acquired a new position in shares of AltEnergy Acquisition during the third quarter worth approximately $3,990,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of AltEnergy Acquisition by 5.4% during the third quarter. Cubist Systematic Strategies LLC now owns 744,646 shares of the company's stock worth $7,469,000 after buying an additional 38,381 shares during the last quarter. Institutional investors own 68.99% of the company's stock.
Get AltEnergy Acquisition alerts:AltEnergy Acquisition Price Performance
Shares of AEAE stock remained flat at $10.35 during trading hours on Wednesday. The stock had a trading volume of 1,796 shares, compared to its average volume of 103,421. AltEnergy Acquisition Corp. has a one year low of $9.88 and a one year high of $10.40. The business's fifty day simple moving average is $10.29 and its two-hundred day simple moving average is $10.14.
AltEnergy Acquisition Company Profile
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AltEnergy Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction with one or more businesses. It intends to acquire and operate businesses in the renewable energy or related clean technology sectors.
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