Globa Terra Acquisition Corp $GTERA Shares Purchased by Berkley W R Corp

Berkley W R Corp increased its holdings in Globa Terra Acquisition Corp (NASDAQ:GTERA) by 19.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,062,185 shares of the company’s stock after purchasing an additional 175,422 shares during the period. Berkley W R Corp’s holdings in Globa Terra Acquisition were worth $10,866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. L1 Global Manager Pty Ltd purchased a new position in shares of Globa Terra Acquisition in the 4th quarter worth about $1,010,000. Lineage Point Capital LP acquired a new position in shares of Globa Terra Acquisition during the fourth quarter worth $899,000. Radcliffe Capital Management L.P. boosted its position in Globa Terra Acquisition by 16.7% in the 4th quarter. Radcliffe Capital Management L.P. now owns 350,000 shares of the company’s stock valued at $3,535,000 after buying an additional 50,000 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in Globa Terra Acquisition by 1.1% in the fourth quarter. Wolverine Asset Management LLC now owns 1,162,340 shares of the company’s stock valued at $11,740,000 after purchasing an additional 12,856 shares during the last quarter. Finally, Heights Capital Management Inc. purchased a new position in shares of Globa Terra Acquisition during the 4th quarter valued at approximately $1,255,000.

Globa Terra Acquisition Price Performance

Shares of NASDAQ GTERA opened at $10.36 on Monday. Globa Terra Acquisition Corp has a 12-month low of $9.93 and a 12-month high of $10.35. The business’s 50 day simple moving average is $10.31.

Globa Terra Acquisition (NASDAQ:GTERA) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.08 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Globa Terra Acquisition in a research note on Monday, June 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Globa Terra Acquisition (NASDAQ: GTERA) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations. Its primary corporate purpose is to raise capital in an initial public offering and to identify and complete a business combination that will result in a private operating company becoming publicly traded.

As a SPAC, Globa Terra Acquisition does not operate a traditional, revenue‑generating business prior to completion of its business combination.