Polar Asset Management Partner Sells 97,500 Shares of Easterly Acquisition Corp (EACQ) Stock

Easterly Acquisition Corp (NASDAQ:EACQ) major shareholder Polar Asset Management Partner sold 97,500 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $10.51, for a total transaction of $1,024,725.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Polar Asset Management Partner also recently made the following trade(s):

  • On Friday, October 26th, Polar Asset Management Partner sold 249,000 shares of Easterly Acquisition stock. The shares were sold at an average price of $10.50, for a total transaction of $2,614,500.00.
  • On Friday, October 19th, Polar Asset Management Partner sold 500,000 shares of Easterly Acquisition stock. The shares were sold at an average price of $10.50, for a total transaction of $5,250,000.00.

NASDAQ EACQ opened at $10.45 on Friday. Easterly Acquisition Corp has a 52-week low of $9.45 and a 52-week high of $11.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.01 and a quick ratio of 0.01.

Several hedge funds and other institutional investors have recently bought and sold shares of EACQ. Periscope Capital Inc. lifted its holdings in shares of Easterly Acquisition by 7.8% during the 2nd quarter. Periscope Capital Inc. now owns 271,900 shares of the company’s stock worth $2,801,000 after acquiring an additional 19,600 shares during the last quarter. Berkley W R Corp lifted its holdings in shares of Easterly Acquisition by 8.2% during the 2nd quarter. Berkley W R Corp now owns 960,218 shares of the company’s stock worth $9,890,000 after acquiring an additional 73,125 shares during the last quarter. K2 Principal Fund L.P. lifted its holdings in shares of Easterly Acquisition by 77.2% during the 2nd quarter. K2 Principal Fund L.P. now owns 1,315,316 shares of the company’s stock worth $13,548,000 after acquiring an additional 573,053 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in shares of Easterly Acquisition by 22.6% during the 2nd quarter. Mizuho Securities USA LLC now owns 1,920,565 shares of the company’s stock worth $19,686,000 after acquiring an additional 353,918 shares during the last quarter. 60.24% of the stock is owned by institutional investors.

About Easterly Acquisition

Easterly Acquisition Corp. does not have significant operations. It intends to engage in a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with companies operating in the financial services industry. The company was founded in 2015 and is based in New York, New York.

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