Provident Acquisition (NASDAQ:PAQC) Stock Price Up 0.2%

Shares of Provident Acquisition Corp. (NASDAQ:PAQC – Get Rating) rose 0.2% during mid-day trading on Monday . The company traded as high as $9.92 and last traded at $9.92. Approximately 6,759 shares were traded during trading, a decline of 84% from the average daily volume of 42,202 shares. The stock had previously closed at $9.90.

Provident Acquisition Trading Up 0.2 %

The firm has a market capitalization of $248 million, a PE ratio of 38.16 and a beta of 0.03. The business has a 50 day moving average price of $9.86 and a 200-day moving average price of $9.83.

Provident Acquisition (NASDAQ:PAQC – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.04 earnings per share for the quarter.

Institutional Investors Weigh In On Provident Acquisition

Large investors have recently bought and sold shares of the stock. Taconic Capital Advisors LP boosted its holdings in shares of Provident Acquisition by 85.0% during the first quarter. Taconic Capital Advisors LP now owns 878,599 shares of the company’s stock worth $8,663,000 after purchasing an additional 403,599 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in Provident Acquisition in the first quarter valued at $3,126,000. Nomura Holdings Inc. boosted its holdings in Provident Acquisition by 4.5% in the first quarter. Nomura Holdings Inc. now owns 581,241 shares of the company’s stock valued at $5,729,000 after acquiring an additional 25,000 shares during the last quarter. Robinson Capital Management LLC boosted its holdings in Provident Acquisition by 18.8% in the first quarter. Robinson Capital Management LLC now owns 56,809 shares of the company’s stock valued at $560,000 after acquiring an additional 9,000 shares during the last quarter. Finally, SkyView Investment Advisors LLC purchased a new position in Provident Acquisition in the first quarter valued at about $81,000. Institutional investors and hedge funds own 72.05% of the company’s stock.

Provident Acquisition Company Profile

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Provident Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Central, Hong Kong.