Corvex Management LP Makes New $6.71 Million Investment in Capitol Investment Corp. V (NYSE:CAP)

Corvex Management LP acquired a new position in shares of Capitol Investment Corp. V (NYSE:CAP) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 664,800 shares of the company’s stock, valued at approximately $6,714,000. Capitol Investment Corp. V accounts for about 0.3% of Corvex Management LP’s portfolio, making the stock its 25th biggest position. Corvex Management LP owned about 1.54% of Capitol Investment Corp. V as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. One Fin Capital Management LP purchased a new position in shares of Capitol Investment Corp. V during the 1st quarter worth approximately $12,339,000. TIG Advisors LLC purchased a new position in shares of Capitol Investment Corp. V during the 1st quarter worth approximately $7,355,000. Weiss Asset Management LP raised its stake in shares of Capitol Investment Corp. V by 522.7% during the 1st quarter. Weiss Asset Management LP now owns 622,714 shares of the company’s stock worth $6,289,000 after buying an additional 522,714 shares in the last quarter. K2 Principal Fund L.P. purchased a new position in shares of Capitol Investment Corp. V during the 1st quarter worth approximately $3,072,000. Finally, Toronto Dominion Bank purchased a new position in shares of Capitol Investment Corp. V during the 1st quarter worth approximately $1,111,000. 62.81% of the stock is owned by institutional investors.

Separately, DA Davidson initiated coverage on Capitol Investment Corp. V in a research note on Thursday, July 15th. They set a “buy” rating and a $15.00 target price for the company.

NYSE CAP traded down $0.19 during mid-day trading on Thursday, hitting $9.77. The stock had a trading volume of 1,200 shares, compared to its average volume of 325,942. Capitol Investment Corp. V has a 52-week low of $9.76 and a 52-week high of $10.61. The stock has a 50 day moving average price of $9.94.

Capitol Investment Corp. V Company Profile

Capitol Investment Corp. V does not have significant operations. It focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2017 and is based in Arlington, Virginia.

Recommended Story: The Role of a Fiduciary and Individual Investors

Want to see what other hedge funds are holding CAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capitol Investment Corp. V (NYSE:CAP).

Institutional Ownership by Quarter for Capitol Investment Corp. V (NYSE:CAP)

Receive News & Ratings for Capitol Investment Corp. V Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitol Investment Corp. V and related companies with MarketBeat.com's FREE daily email newsletter.