Cowen AND Company LLC Purchases New Stake in Cartica Acquisition Corp (NASDAQ:CITE)

Cowen AND Company LLC acquired a new position in shares of Cartica Acquisition Corp (NASDAQ:CITE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 236,336 shares of the company’s stock, valued at approximately $2,673,000. Cowen AND Company LLC owned about 2.95% of Cartica Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC acquired a new stake in Cartica Acquisition during the fourth quarter worth about $1,830,000. Berkley W R Corp increased its holdings in shares of Cartica Acquisition by 47.3% during the 4th quarter. Berkley W R Corp now owns 439,401 shares of the company’s stock worth $4,794,000 after buying an additional 141,110 shares during the last quarter. Glazer Capital LLC increased its holdings in shares of Cartica Acquisition by 140.1% during the 4th quarter. Glazer Capital LLC now owns 420,753 shares of the company’s stock worth $4,590,000 after buying an additional 245,507 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in shares of Cartica Acquisition during the 1st quarter valued at approximately $452,000. Finally, Wolverine Asset Management LLC lifted its holdings in Cartica Acquisition by 42.1% in the second quarter. Wolverine Asset Management LLC now owns 212,958 shares of the company’s stock valued at $2,409,000 after acquiring an additional 63,092 shares during the last quarter. 42.21% of the stock is currently owned by hedge funds and other institutional investors.

Cartica Acquisition Price Performance

CITE stock traded up $0.10 during midday trading on Monday, hitting $11.47. 700 shares of the company’s stock were exchanged, compared to its average volume of 30,042. Cartica Acquisition Corp has a 1-year low of $10.73 and a 1-year high of $12.25. The business has a 50-day simple moving average of $11.39 and a two-hundred day simple moving average of $11.22.

Cartica Acquisition Company Profile

Cartica Acquisition Corp does not have any significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and complete a business combination in the technology sector in India.