198,312 Shares in GSR IV Acquisition Corp. $GSRF Acquired by StoneX Group Inc.

StoneX Group Inc. purchased a new position in GSR IV Acquisition Corp. (NASDAQ:GSRF) during the third quarter, Holdings Channel reports. The fund purchased 198,312 shares of the company’s stock, valued at approximately $2,024,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GSRF. Sona Asset Management US LLC purchased a new stake in shares of GSR IV Acquisition during the first quarter valued at approximately $2,508,000. Harraden Circle Investments LLC bought a new position in shares of GSR IV Acquisition in the second quarter worth approximately $2,540,000. Lineage Point Capital LP grew its holdings in shares of GSR IV Acquisition by 38.1% in the second quarter. Lineage Point Capital LP now owns 303,908 shares of the company’s stock worth $3,085,000 after purchasing an additional 83,908 shares during the last quarter. Finally, Rivernorth Capital Management LLC purchased a new position in shares of GSR IV Acquisition in the first quarter worth $4,769,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of GSR IV Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, November 2nd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

GSR IV Acquisition Stock Up 0.0%

Shares of NASDAQ:GSRF opened at $10.30 on Monday. The company has a 50-day moving average price of $10.26 and a 200-day moving average price of $10.15. GSR IV Acquisition Corp. has a 12 month low of $9.96 and a 12 month high of $10.30.

GSR IV Acquisition (NASDAQ:GSRF) last posted its earnings results on Friday, August 14th. The company reported $0.06 earnings per share for the quarter.

GSR IV Acquisition Company Profile

GSR IV Acquisition Corp. is a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.

Unlike an operating company, GSR IV Acquisition Corp. does not have a portfolio of commercial products or services. Its activities are focused on evaluating potential acquisition targets and completing a transaction that would result in a combined public company.