Lineage Point Capital LP Purchases New Stake in Lafayette Acquisition Corp. $LAFA

Lineage Point Capital LP bought a new stake in Lafayette Acquisition Corp. (NASDAQ:LAFA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 310,698 shares of the company’s stock, valued at approximately $3,076,000. Lineage Point Capital LP owned 2.27% of Lafayette Acquisition at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moore Capital Management LP acquired a new stake in shares of Lafayette Acquisition during the fourth quarter worth approximately $990,000. Aristeia Capital L.L.C. bought a new position in shares of Lafayette Acquisition during the fourth quarter worth about $3,960,000. 683 Capital Management LLC bought a new position in Lafayette Acquisition in the 4th quarter worth about $2,475,000. AQR Arbitrage LLC acquired a new stake in Lafayette Acquisition in the 4th quarter valued at approximately $6,530,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Lafayette Acquisition during the fourth quarter valued at about $248,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Lafayette Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Lafayette Acquisition Trading Down 0.3%

Shares of Lafayette Acquisition stock opened at $10.07 on Friday. Lafayette Acquisition Corp. has a 52 week low of $9.87 and a 52 week high of $10.20. The business has a 50-day simple moving average of $10.04.

Lafayette Acquisition (NASDAQ:LAFA) last issued its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.

Lafayette Acquisition Company Profile

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank‑check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.

The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.