Spartan Fund Management Inc. Makes New $310,000 Investment in Newbury Street Acquisition Co. (NASDAQ:NBST)

Spartan Fund Management Inc. purchased a new position in shares of Newbury Street Acquisition Co. (NASDAQ:NBSTGet Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,498 shares of the company’s stock, valued at approximately $310,000. Spartan Fund Management Inc. owned about 0.15% of Newbury Street Acquisition at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NBST. Sculptor Capital LP lifted its position in Newbury Street Acquisition by 18.4% during the first quarter. Sculptor Capital LP now owns 295,916 shares of the company’s stock valued at $2,885,000 after buying an additional 45,916 shares in the last quarter. Berkley W R Corp lifted its position in Newbury Street Acquisition by 7.9% during the first quarter. Berkley W R Corp now owns 270,931 shares of the company’s stock valued at $2,636,000 after buying an additional 19,900 shares in the last quarter. Basso Capital Management L.P. lifted its position in Newbury Street Acquisition by 1.6% during the first quarter. Basso Capital Management L.P. now owns 181,818 shares of the company’s stock valued at $1,773,000 after buying an additional 2,941 shares in the last quarter. Wealthspring Capital LLC acquired a new position in Newbury Street Acquisition during the first quarter valued at approximately $393,000. Finally, Sage Mountain Advisors LLC acquired a new position in Newbury Street Acquisition during the first quarter valued at approximately $117,000. 46.79% of the stock is owned by institutional investors and hedge funds.

Newbury Street Acquisition Stock Performance

NBST opened at $9.81 on Friday. The firm’s 50 day moving average is $9.81 and its 200-day moving average is $9.77. Newbury Street Acquisition Co. has a 52-week low of $9.61 and a 52-week high of $9.85.

Newbury Street Acquisition Company Profile

(Get Rating)

Newbury Street Acquisition Corporation 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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Institutional Ownership by Quarter for Newbury Street Acquisition (NASDAQ:NBST)

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