65,256 Shares in Keen Vision Acquisition Corporation $KVAC Acquired by Crossingbridge Advisors LLC

Crossingbridge Advisors LLC acquired a new stake in Keen Vision Acquisition Corporation (NASDAQ:KVAC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 65,256 shares of the company’s stock, valued at approximately $755,000. Crossingbridge Advisors LLC owned about 0.71% of Keen Vision Acquisition at the end of the most recent quarter.

Separately, Berkley W R Corp raised its stake in shares of Keen Vision Acquisition by 52.7% in the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock valued at $11,895,000 after buying an additional 361,071 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Keen Vision Acquisition currently has a consensus rating of “Hold”.

Keen Vision Acquisition Stock Up 0.7%

KVAC opened at $11.93 on Monday. Keen Vision Acquisition Corporation has a 12 month low of $11.15 and a 12 month high of $12.20. The company has a 50 day moving average of $11.88 and a 200 day moving average of $11.74.

About Keen Vision Acquisition

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.