Clear Street LLC Makes New $4.30 Million Investment in Pelican Acquisition Corporation $PELI
by Doug Wharley · The Cerbat GemClear Street LLC acquired a new stake in Pelican Acquisition Corporation (NASDAQ:PELI – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 428,172 shares of the company’s stock, valued at approximately $4,295,000. Clear Street LLC owned approximately 4.09% of Pelican Acquisition at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Warberg Asset Management LLC purchased a new position in Pelican Acquisition in the second quarter valued at about $500,000. Magnetar Financial LLC acquired a new position in shares of Pelican Acquisition in the 2nd quarter valued at $1,951,000. Mint Tower Capital Management B.V. purchased a new position in shares of Pelican Acquisition in the second quarter worth about $1,505,000. Finally, Wolverine Asset Management LLC purchased a new position in Pelican Acquisition during the 2nd quarter worth approximately $4,541,000.
Pelican Acquisition Trading Up 0.1%
Shares of PELI stock opened at $10.14 on Friday. The business’s 50 day simple moving average is $10.12. Pelican Acquisition Corporation has a 12-month low of $8.98 and a 12-month high of $10.19.
Pelican Acquisition (NASDAQ:PELI – Get Free Report) last posted its quarterly earnings data on Monday, September 15th. The company reported $0.03 EPS for the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Pelican Acquisition in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on Pelican Acquisition
About Pelican Acquisition
We are a newly formed blank check company incorporated as a Cayman Islands exempted company on July 23, 2024 under the laws of the Cayman Islands with limited liability, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.
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