Blue Safari Group Acquisition (NASDAQ:BSGA) Trading Up 19.8%

Blue Safari Group Acquisition Corp. (NASDAQ:BSGA – Get Rating)’s stock price was up 19.8% on Monday . The stock traded as high as $11.14 and last traded at $10.00. Approximately 349,900 shares changed hands during mid-day trading, an increase of 555% from the average daily volume of 53,389 shares. The stock had previously closed at $8.35.

Blue Safari Group Acquisition Trading Up 19.8 %

The firm has a fifty day simple moving average of $10.50 and a two-hundred day simple moving average of $10.45. The stock has a market cap of $17.90 million and a PE ratio of -19.23.

Hedge Funds Weigh In On Blue Safari Group Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Meteora Capital LLC bought a new stake in shares of Blue Safari Group Acquisition in the 4th quarter worth approximately $1,313,000. Berkley W R Corp bought a new stake in shares of Blue Safari Group Acquisition in the 4th quarter worth $638,000. Wolverine Asset Management LLC increased its holdings in shares of Blue Safari Group Acquisition by 4.2% in the 4th quarter. Wolverine Asset Management LLC now owns 50,492 shares of the company’s stock worth $528,000 after purchasing an additional 2,037 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Blue Safari Group Acquisition in the 4th quarter worth $1,097,000. Finally, Glazer Capital LLC grew its holdings in shares of Blue Safari Group Acquisition by 100.9% in the third quarter. Glazer Capital LLC now owns 469,335 shares of the company’s stock worth $4,820,000 after acquiring an additional 235,669 shares during the period. 76.96% of the stock is currently owned by institutional investors.

Blue Safari Group Acquisition Company Profile

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Blue Safari Group Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the FinTech, InfoTech, and InsurTech sectors. The company was incorporated in 2021 and is based in Central, Hong Kong.