Sea Otter Advisors LLC Takes Position in GP-Act III Acquisition Corp. (NASDAQ:GPATU)

Sea Otter Advisors LLC bought a new position in shares of GP-Act III Acquisition Corp. (NASDAQ:GPATU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 49,950 shares of the company’s stock, valued at approximately $501,000. GP-Act III Acquisition makes up 3.6% of Sea Otter Advisors LLC’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds have also recently bought and sold shares of GPATU. Highbridge Capital Management LLC bought a new stake in shares of GP-Act III Acquisition in the second quarter valued at about $100,000. TrueMark Investments LLC acquired a new stake in GP-Act III Acquisition in the 2nd quarter valued at approximately $178,000. Condor Capital Management bought a new stake in GP-Act III Acquisition in the 2nd quarter valued at approximately $196,000. Shaolin Capital Management LLC acquired a new position in GP-Act III Acquisition during the 2nd quarter worth approximately $1,003,000. Finally, Glazer Capital LLC bought a new position in shares of GP-Act III Acquisition during the 2nd quarter worth approximately $2,759,000.

GP-Act III Acquisition Stock Performance

Shares of GPATU stock opened at $10.20 on Friday. The stock has a fifty day simple moving average of $10.08. GP-Act III Acquisition Corp. has a 12 month low of $10.02 and a 12 month high of $10.50.

GP-Act III Acquisition Company Profile

GP-Act III Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as GP Investments Acquisition Corp. II and changed its name to GP-Act III Acquisition Corp.