Berkley W R Corp Boosts Position in Launch One Acquisition Corp. $LPAA

Berkley W R Corp grew its stake in shares of Launch One Acquisition Corp. (NASDAQ:LPAA) by 4.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,487,125 shares of the company’s stock after acquiring an additional 63,835 shares during the period. Launch One Acquisition comprises approximately 0.9% of Berkley W R Corp’s investment portfolio, making the stock its 23rd biggest holding. Berkley W R Corp owned approximately 5.17% of Launch One Acquisition worth $15,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shaolin Capital Management LLC bought a new stake in Launch One Acquisition during the 2nd quarter valued at $3,645,000. TENOR CAPITAL MANAGEMENT Co. L.P. lifted its stake in shares of Launch One Acquisition by 87.5% during the second quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 750,000 shares of the company’s stock worth $7,811,000 after buying an additional 350,000 shares during the period. Quarry LP grew its stake in Launch One Acquisition by 200.0% during the 3rd quarter. Quarry LP now owns 150,000 shares of the company’s stock valued at $1,575,000 after purchasing an additional 100,000 shares during the last quarter. Wolverine Asset Management LLC boosted its position in Launch One Acquisition by 45.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,016,497 shares of the company’s stock valued at $10,765,000 after buying an additional 317,318 shares during the last quarter. Finally, Crossingbridge Advisors LLC acquired a new stake in shares of Launch One Acquisition in the fourth quarter worth $878,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Launch One Acquisition in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Launch One Acquisition presently has an average rating of “Sell”.

Launch One Acquisition Stock Performance

Shares of LPAA stock opened at $11.06 on Monday. Launch One Acquisition Corp. has a fifty-two week low of $10.39 and a fifty-two week high of $11.67. The stock’s fifty day moving average is $10.85 and its two-hundred day moving average is $10.76.

Launch One Acquisition (NASDAQ:LPAA) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.06 EPS for the quarter. The business had revenue of $2.17 million during the quarter.

Launch One Acquisition Company Profile

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.