Saba Capital Management L.P. Has $1.93 Million Stock Position in Starboard Value Acquisition Corp. $SVAC

Saba Capital Management L.P. lowered its holdings in Starboard Value Acquisition Corp. (NASDAQ:SVAC) by 24.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,800 shares of the company’s stock after selling 60,200 shares during the period. Saba Capital Management L.P. owned about 0.38% of Starboard Value Acquisition worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Gritstone Asset Management LLC bought a new position in shares of Starboard Value Acquisition in the fourth quarter valued at about $1,015,000. Mint Tower Capital Management B.V. bought a new stake in shares of Starboard Value Acquisition during the 4th quarter worth about $4,568,000. Governors Lane LP acquired a new position in Starboard Value Acquisition in the 4th quarter valued at about $5,088,000. Periscope Capital Inc. acquired a new position in Starboard Value Acquisition in the 4th quarter valued at about $4,823,000. Finally, MYDA Advisors LLC acquired a new position in Starboard Value Acquisition in the 4th quarter valued at about $723,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Starboard Value Acquisition currently has an average rating of “Sell”.

Starboard Value Acquisition Price Performance

Shares of Starboard Value Acquisition stock opened at $9.12 on Tuesday. The business has a 50-day simple moving average of $9.99 and a 200 day simple moving average of $10.26. Starboard Value Acquisition Corp. has a one year low of $7.35 and a one year high of $12.00.

Starboard Value Acquisition (NASDAQ:SVAC) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($13.80) earnings per share (EPS) for the quarter.

Starboard Value Acquisition Company Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.