Clear Street Group Inc. Invests $3.22 Million in StoneBridge Acquisition Co. $APAC

Clear Street Group Inc. acquired a new position in StoneBridge Acquisition Co. (NASDAQ:APAC) in the 4th quarter, Holdings Channel reports. The firm acquired 323,189 shares of the company’s stock, valued at approximately $3,216,000.

Other large investors also recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in shares of StoneBridge Acquisition in the fourth quarter worth $4,989,000. Westchester Capital Management LLC acquired a new stake in shares of StoneBridge Acquisition in the fourth quarter worth $796,000. Berkley W R Corp acquired a new stake in shares of StoneBridge Acquisition in the fourth quarter worth $1,128,000. Glazer Capital LLC acquired a new stake in shares of StoneBridge Acquisition in the fourth quarter worth $4,051,000. Finally, ABC Arbitrage SA acquired a new stake in shares of StoneBridge Acquisition in the fourth quarter worth $199,000. Institutional investors and hedge funds own 19.18% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of StoneBridge Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, StoneBridge Acquisition currently has a consensus rating of “Sell”.

StoneBridge Acquisition Stock Up 0.2%

APAC opened at $10.13 on Friday. The company has a fifty day simple moving average of $10.09 and a 200 day simple moving average of $10.04. StoneBridge Acquisition Co. has a twelve month low of $9.87 and a twelve month high of $10.15.

StoneBridge Acquisition Company Profile

StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital 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 New York, New York.