Berkley W R Corp Boosts Stock Position in A Paradise Acquisition Corp. $APAD

Berkley W R Corp grew its stake in shares of A Paradise Acquisition Corp. (NASDAQ:APAD) by 54.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 306,725 shares of the company’s stock after acquiring an additional 108,445 shares during the quarter. Berkley W R Corp owned about 1.49% of A Paradise Acquisition worth $3,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in APAD. Millennium Management LLC bought a new stake in A Paradise Acquisition in the 4th quarter worth about $9,824,000. Highbridge Capital Management LLC bought a new stake in A Paradise Acquisition during the 4th quarter worth approximately $8,888,000. Magnetar Financial LLC purchased a new position in shares of A Paradise Acquisition during the 4th quarter valued at $8,040,000. Wealthspring Capital LLC purchased a new position in shares of A Paradise Acquisition in the fourth quarter valued at about $6,911,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in A Paradise Acquisition in the 4th quarter worth approximately $4,020,000.

A Paradise Acquisition Stock Performance

Shares of NASDAQ:APAD opened at $8.03 on Monday. The stock’s 50 day moving average is $8.03. A Paradise Acquisition Corp. has a one year low of $7.50 and a one year high of $14.00.

A Paradise Acquisition (NASDAQ:APAD) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.08 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

A Paradise Acquisition Profile

A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.

Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.