Polar Asset Management Partners Inc. Takes $3.65 Million Position in LightWave Acquisition Corp. $LWAC

Polar Asset Management Partners Inc. bought a new position in LightWave Acquisition Corp. (NASDAQ:LWAC – Free Report) in the first quarter, HoldingsChannel.com reports. The fund bought 357,500 shares of the company’s stock, valued at approximately $3,646,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sona Asset Management US LLC acquired a new stake in LightWave Acquisition in the 1st quarter valued at $2,031,000. Millennium Management LLC bought a new position in shares of LightWave Acquisition during the fourth quarter valued at $5,516,000. Governors Lane LP lifted its holdings in shares of LightWave Acquisition by 14.3% during the fourth quarter. Governors Lane LP now owns 342,966 shares of the company’s stock valued at $3,443,000 after acquiring an additional 42,966 shares during the period. Meteora Capital LLC acquired a new stake in shares of LightWave Acquisition in the 4th quarter valued at $1,504,000. Finally, TIG Advisors LLC acquired a new stake in shares of LightWave Acquisition in the 4th quarter valued at $3,167,000.

LightWave Acquisition Trading Up 0.1%

NASDAQ:LWAC opened at $10.24 on Monday. LightWave Acquisition Corp. has a 1 year low of $9.81 and a 1 year high of $10.28. The firm has a 50 day moving average of $10.23 and a 200-day moving average of $10.16.

LightWave Acquisition (NASDAQ:LWAC – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, LightWave Acquisition has an average rating of “Sell”.

Get Our Latest Stock Report on LWAC

LightWave Acquisition Profile

(Free Report)

Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.

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