AQR Arbitrage LLC Buys Shares of 1,096,174 Stellar V Capital Corp. $SVCC

AQR Arbitrage LLC purchased a new position in Stellar V Capital Corp. (NASDAQ:SVCC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,096,174 shares of the company’s stock, valued at approximately $11,214,000. AQR Arbitrage LLC owned 5.07% of Stellar V Capital at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Magnetar Financial LLC bought a new stake in shares of Stellar V Capital during the 2nd quarter valued at $13,292,000. Alberta Investment Management Corp purchased a new stake in shares of Stellar V Capital during the 2nd quarter valued at $5,115,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Stellar V Capital during the 2nd quarter valued at $2,558,000. Wolverine Asset Management LLC bought a new stake in shares of Stellar V Capital during the 2nd quarter worth $2,553,000. Finally, Mint Tower Capital Management B.V. purchased a new position in Stellar V Capital in the second quarter worth $2,044,000.

Stellar V Capital Price Performance

Stellar V Capital stock opened at $10.36 on Friday. The stock has a fifty day simple moving average of $10.36. Stellar V Capital Corp. has a twelve month low of $9.95 and a twelve month high of $10.42. The company has a market capitalization of $223.88 million and a P/E ratio of 51.80.

Stellar V Capital (NASDAQ:SVCC) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.07 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Stellar V Capital in a research report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Stellar V Capital currently has an average rating of “Sell”.

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.