Cartesian Growth Co. (NASDAQ:GLBL – Get Rating)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.86 and traded as high as $9.88. Cartesian Growth shares last traded at $9.87, with a volume of 10,239 shares trading hands.
Cartesian Growth Stock Performance
The stock has a 50-day moving average price of $9.83 and a 200 day moving average price of $9.86.
Institutional Investors Weigh In On Cartesian Growth
A number of institutional investors have recently modified their holdings of GLBL. Omni Event Management Ltd acquired a new stake in shares of Cartesian Growth during the 4th quarter valued at about $5,849,000. Bracebridge Capital LLC acquired a new stake in shares of Cartesian Growth during the 1st quarter valued at about $4,935,000. OMERS ADMINISTRATION Corp grew its position in shares of Cartesian Growth by 921.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 474,933 shares of the energy company’s stock valued at $4,688,000 after acquiring an additional 428,421 shares during the period. Glazer Capital LLC grew its position in shares of Cartesian Growth by 28.1% during the 4th quarter. Glazer Capital LLC now owns 1,572,856 shares of the energy company’s stock valued at $15,540,000 after acquiring an additional 344,832 shares during the period. Finally, Woodline Partners LP grew its position in shares of Cartesian Growth by 66.7% during the 4th quarter. Woodline Partners LP now owns 749,999 shares of the energy company’s stock valued at $7,410,000 after acquiring an additional 300,000 shares during the period. 73.48% of the stock is currently owned by institutional investors and hedge funds.
About Cartesian Growth
Cartesian Growth Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or engaging in any other similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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