Moab Capital Partners LLC bought a new stake in Slam Corp. (OTCMKTS:SLAMU) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,000 shares of the company’s stock, valued at approximately $129,000. Slam comprises about 0.3% of Moab Capital Partners LLC’s holdings, making the stock its 21st biggest position.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SLAMU. Aristeia Capital LLC acquired a new stake in shares of Slam during the 1st quarter valued at about $20,824,000. Blackstone Group Inc. acquired a new stake in Slam in the 1st quarter valued at $14,880,000. Citadel Advisors LLC acquired a new position in Slam during the first quarter worth $13,277,000. Samlyn Capital LLC acquired a new position in Slam during the first quarter worth $9,954,000. Finally, Spring Creek Capital LLC bought a new position in shares of Slam during the first quarter valued at $9,920,000.
Shares of Slam stock traded up $0.05 during mid-day trading on Thursday, reaching $10.15. 15,191 shares of the stock were exchanged, compared to its average volume of 313,103. Slam Corp. has a fifty-two week low of $9.73 and a fifty-two week high of $10.85. The company has a 50-day simple moving average of $10.00.
Slam Corp. a blank check company, intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.
Read More: Balanced Fund
Receive News & Ratings for Slam Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slam and related companies with MarketBeat.com's FREE daily email newsletter.