Key Points
- Major shareholder Fitzgerald & Co. Cantor bought 3,529,081 shares of M3‑Brigade Acquisition V at an average price of $10.80 per share for a total of $38,114,074.80, increasing its ownership to 7,779,865 shares (an 83.02% rise) as disclosed in an SEC filing.
- M3‑Brigade Acquisition V (MBAV) recently traded around $10.91 with a 12‑month range of $10.06–$13.73, and Wall Street sentiment is negative with a consensus Sell rating after Weiss Ratings reissued a "sell (d-)" report.
M3-Brigade Acquisition V Corp. (NASDAQ:MBAV - Get Free Report) major shareholder Fitzgerald & Co. Cantor purchased 3,529,081 shares of M3-Brigade Acquisition V stock in a transaction dated Wednesday, December 17th. The shares were bought at an average price of $10.80 per share, for a total transaction of $38,114,074.80. Following the acquisition, the insider owned 7,779,865 shares in the company, valued at approximately $84,022,542. This trade represents a 83.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
M3-Brigade Acquisition V Stock Performance
M3-Brigade Acquisition V stock opened at $10.91 on Friday. The company has a 50-day moving average price of $10.62 and a 200 day moving average price of $10.86. M3-Brigade Acquisition V Corp. has a 12-month low of $10.06 and a 12-month high of $13.73.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Prelude Capital Management LLC purchased a new stake in M3-Brigade Acquisition V during the 3rd quarter worth approximately $281,000. Sandia Investment Management LP purchased a new position in M3-Brigade Acquisition V in the 2nd quarter valued at approximately $334,000. Clear Street LLC grew its stake in shares of M3-Brigade Acquisition V by 2,280.8% in the second quarter. Clear Street LLC now owns 32,069 shares of the company's stock worth $362,000 after acquiring an additional 30,722 shares in the last quarter. Tuttle Capital Management LLC purchased a new stake in shares of M3-Brigade Acquisition V during the second quarter worth $437,000. Finally, Levin Capital Strategies L.P. purchased a new position in M3-Brigade Acquisition V in the second quarter valued at $538,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of M3-Brigade Acquisition V in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, M3-Brigade Acquisition V has a consensus rating of "Sell".
Read Our Latest Stock Analysis on MBAV
About M3-Brigade Acquisition V
(
Get Free Report)
M3-Brigade Acquisition V is a special purpose acquisition company (SPAC) sponsored by M3 Inc, a global healthcare information and technology provider, and Brigade Capital Management, an investment management firm. The company is structured as a blank‐check vehicle listed on the Nasdaq Stock Market under the ticker MBAV, with the objective of identifying and completing a business combination in the healthcare, life sciences or related sectors.
The company benefits from the operational expertise of M3's digital health platform and real‐world data capabilities, combined with Brigade's deep experience in credit and asset management.
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