Fir Tree Capital Management LP bought a new stake in Powered Brands (NASDAQ:POW) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 450,000 shares of the company’s stock, valued at approximately $4,365,000. Fir Tree Capital Management LP owned approximately 1.50% of Powered Brands at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of POW. Exos Asset Management LLC acquired a new position in shares of Powered Brands in the 1st quarter valued at approximately $128,000. Alliancebernstein L.P. acquired a new position in shares of Powered Brands in the 1st quarter valued at approximately $526,000. Basso Capital Management L.P. acquired a new position in shares of Powered Brands in the 1st quarter valued at approximately $181,000. Segantii Capital Management Ltd acquired a new position in Powered Brands during the 1st quarter worth approximately $728,000. Finally, PEAK6 Investments LLC acquired a new position in Powered Brands during the 1st quarter worth approximately $2,371,000. Institutional investors own 34.58% of the company’s stock.
POW stock opened at $9.71 on Thursday. The stock’s 50 day moving average is $9.75. Powered Brands has a 1 year low of $8.76 and a 1 year high of $10.05.
Powered Brands Profile
Powered Brands does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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