DHC Acquisition (NASDAQ:DHCA) Trading Down 6.8%

DHC Acquisition Corp. (NASDAQ:DHCA)’s stock price was down 6.8% on Tuesday . The company traded as low as $6.39 and last traded at $7.70. Approximately 54,300 shares were traded during trading, a decline of 1% from the average daily volume of 54,848 shares. The stock had previously closed at $8.26.

DHC Acquisition Trading Down 6.8 %

The business has a fifty day simple moving average of $9.13 and a 200-day simple moving average of $10.10.

Institutional Investors Weigh In On DHC Acquisition

Large investors have recently added to or reduced their stakes in the company. Cowen AND Company LLC bought a new stake in shares of DHC Acquisition during the 4th quarter valued at about $1,588,000. Deutsche Bank AG grew its stake in DHC Acquisition by 31.9% in the third quarter. Deutsche Bank AG now owns 88,143 shares of the company’s stock worth $922,000 after purchasing an additional 21,331 shares during the period. Toroso Investments LLC grew its stake in DHC Acquisition by 57.8% in the third quarter. Toroso Investments LLC now owns 26,059 shares of the company’s stock worth $277,000 after purchasing an additional 9,547 shares during the period. Robinson Capital Management LLC boosted its holdings in DHC Acquisition by 130.5% in the third quarter. Robinson Capital Management LLC now owns 38,059 shares of the company’s stock worth $401,000 after acquiring an additional 21,547 shares in the last quarter. Finally, Westchester Capital Management LLC bought a new position in shares of DHC Acquisition during the second quarter valued at $2,362,000. Hedge funds and other institutional investors own 37.95% of the company’s stock.

About DHC Acquisition

DHC Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus its search on technology and technology-enabled business in the automotive, consumer, aerospace/defense, enterprise software, or E-commerce sectors.