L1 Global Manager Pty Ltd Buys New Stake in SIM Acquisition Corp. I $SIMA

L1 Global Manager Pty Ltd bought a new stake in SIM Acquisition Corp. I (NASDAQ:SIMA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $2,118,000. SIM Acquisition Corp. I makes up about 1.4% of L1 Global Manager Pty Ltd’s investment portfolio, making the stock its 15th biggest holding. L1 Global Manager Pty Ltd owned 0.65% of SIM Acquisition Corp. I at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC bought a new position in shares of SIM Acquisition Corp. I during the 3rd quarter valued at approximately $80,000. Citadel Advisors LLC increased its position in shares of SIM Acquisition Corp. I by 22.4% during the 3rd quarter. Citadel Advisors LLC now owns 15,460 shares of the company’s stock valued at $162,000 after purchasing an additional 2,826 shares during the last quarter. Shaolin Capital Management LLC bought a new position in shares of SIM Acquisition Corp. I during the 2nd quarter valued at approximately $1,042,000. Sculptor Capital LP bought a new position in shares of SIM Acquisition Corp. I during the 2nd quarter valued at approximately $1,826,000. Finally, Radcliffe Capital Management L.P. bought a new position in shares of SIM Acquisition Corp. I during the 2nd quarter valued at approximately $2,820,000.

SIM Acquisition Corp. I Price Performance

NASDAQ SIMA opened at $10.89 on Friday. The business’s 50 day moving average price is $10.84 and its 200-day moving average price is $10.71. SIM Acquisition Corp. I has a fifty-two week low of $10.10 and a fifty-two week high of $12.90.

SIM Acquisition Corp. I (NASDAQ:SIMA) last released its earnings results on Friday, May 15th. The company reported $0.07 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded SIM Acquisition Corp. I from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

SIM Acquisition Corp. I Company Profile

SIM Acquisition Corp. I is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Since completing its initial public offering in March 2021, the company has focused on identifying targets in the technology, digital media, sports, entertainment and consumer sectors.

The proceeds from its IPO are held in a trust account pending shareholder approval of its initial business combination.