Quarry LP purchased a new position in shares of Mars Acquisition Corp. (NASDAQ:MARX – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company’s stock, valued at approximately $276,000. Quarry LP owned 0.56% of Mars Acquisition at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. Wolverine Asset Management LLC acquired a new stake in shares of Mars Acquisition during the third quarter worth about $1,378,000. Berkley W R Corp grew its holdings in shares of Mars Acquisition by 17.2% during the second quarter. Berkley W R Corp now owns 338,786 shares of the company’s stock worth $3,693,000 after buying an additional 49,690 shares in the last quarter. Finally, Cowen AND Company LLC grew its holdings in shares of Mars Acquisition by 13.8% during the second quarter. Cowen AND Company LLC now owns 290,545 shares of the company’s stock worth $3,167,000 after buying an additional 35,185 shares in the last quarter. Institutional investors and hedge funds own 74.04% of the company’s stock.
Mars Acquisition Stock Performance
MARX stock opened at $11.11 on Friday. The business has a 50 day moving average price of $11.07 and a two-hundred day moving average price of $10.95. Mars Acquisition Corp. has a twelve month low of $10.59 and a twelve month high of $11.75.
Mars Acquisition Profile
Mars Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on opportunities in cryptocurrency and blockchain, automobiles, healthcare, financial technology, cyber security, cleantech, software, Internet and artificial intelligence, specialty manufacturing, and other related technology innovations market.
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