Weiss Asset Management LP Purchases 500,000 Shares of Kensington Capital Acquisition Corp. V (NYSE:KCGI)

Weiss Asset Management LP raised its stake in Kensington Capital Acquisition Corp. V (NYSE:KCGI – Get Rating) by 92.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,038,413 shares of the company’s stock after purchasing an additional 500,000 shares during the period. Weiss Asset Management LP’s holdings in Kensington Capital Acquisition Corp. V were worth $10,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new stake in Kensington Capital Acquisition Corp. V in the first quarter valued at $28,000. Royal Bank of Canada bought a new stake in shares of Kensington Capital Acquisition Corp. V during the first quarter worth about $116,000. Mizuho Securities USA LLC bought a new stake in shares of Kensington Capital Acquisition Corp. V during the third quarter worth about $135,000. Goldman Sachs Group Inc. bought a new stake in shares of Kensington Capital Acquisition Corp. V during the first quarter worth about $310,000. Finally, Elequin Capital LP increased its position in shares of Kensington Capital Acquisition Corp. V by 10.2% during the third quarter. Elequin Capital LP now owns 37,862 shares of the company’s stock worth $377,000 after acquiring an additional 3,500 shares in the last quarter.

Kensington Capital Acquisition Corp. V Price Performance

NYSE:KCGI opened at $10.38 on Friday. The firm has a 50-day moving average of $10.30 and a 200-day moving average of $10.14. Kensington Capital Acquisition Corp. V has a one year low of $9.85 and a one year high of $10.42.

About Kensington Capital Acquisition Corp. V

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Kensington Capital Acquisition Corp. V 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 2021 and is based in Westbury, New York.