Periscope Capital Inc. decreased its position in Matlin & Partners Acquisition Co. (NASDAQ:MPACU) by 35.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 303,000 shares of the company’s stock after selling 165,000 shares during the quarter. Periscope Capital Inc.’s holdings in Matlin & Partners Acquisition Co. were worth $3,075,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of MPACU. The Manufacturers Life Insurance Company acquired a new stake in Matlin & Partners Acquisition Co. in the second quarter valued at approximately $8,359,000. Cowen Inc. acquired a new stake in Matlin & Partners Acquisition Co. in the second quarter valued at approximately $6,768,000. Finally, Longfellow Investment Management Co. LLC raised its holdings in Matlin & Partners Acquisition Co. by 28.5% in the third quarter. Longfellow Investment Management Co. LLC now owns 785,733 shares of the company’s stock valued at $7,975,000 after acquiring an additional 174,375 shares in the last quarter.
Matlin & Partners Acquisition Co. (NASDAQ MPACU) traded up $0.06 during mid-day trading on Friday, reaching $10.17. 500 shares of the company’s stock were exchanged, compared to its average volume of 32,454. Matlin & Partners Acquisition Co. has a 12 month low of $10.00 and a 12 month high of $11.00.
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Matlin & Partners Acquisition Co. Company Profile
Matlin & Partners Acquisition Corporation is a blank check company. The Company was formed for the purpose of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company has not identified any business combination target.
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