Stellar V Capital (NASDAQ:SVCC) Earns “Sell (E+)” Rating from Weiss Ratings

Stellar V Capital (NASDAQ:SVCC)‘s stock had its “sell (e+)” rating reaffirmed by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Stellar V Capital Stock Performance

SVCC opened at $10.33 on Wednesday. Stellar V Capital has a 52-week low of $9.95 and a 52-week high of $10.39. The company’s 50 day simple moving average is $10.28.

Stellar V Capital (NASDAQ:SVCC) last posted its earnings results on Wednesday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Stellar V Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Magnetar Financial LLC purchased a new stake in Stellar V Capital in the second quarter worth $13,292,000. AQR Arbitrage LLC purchased a new stake in Stellar V Capital in the second quarter worth $11,214,000. Alberta Investment Management Corp purchased a new stake in Stellar V Capital in the second quarter worth $5,115,000. Karpus Management Inc. grew its stake in Stellar V Capital by 46.2% in the second quarter. Karpus Management Inc. now owns 314,850 shares of the company’s stock worth $3,202,000 after purchasing an additional 99,500 shares during the period. Finally, Berkley W R Corp grew its stake in Stellar V Capital by 62.7% in the second quarter. Berkley W R Corp now owns 258,308 shares of the company’s stock worth $2,627,000 after purchasing an additional 99,540 shares during the period.

Stellar V Capital Company Profile

We are a blank check company incorporated on July 12, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.