Aristeia Capital LLC lowered its stake in shares of InterPrivate III Financial Partners Inc. (NYSE:IPVF – Get Rating) by 16.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,050,000 shares of the company's stock after selling 210,000 shares during the quarter. Aristeia Capital LLC's holdings in InterPrivate III Financial Partners were worth $10,374,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new position in InterPrivate III Financial Partners during the fourth quarter worth $224,000. Union Square Park Capital Management LLC acquired a new position in InterPrivate III Financial Partners during the fourth quarter worth $770,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in InterPrivate III Financial Partners during the fourth quarter worth $1,213,000. Exos Asset Management LLC boosted its stake in InterPrivate III Financial Partners by 182.4% during the first quarter. Exos Asset Management LLC now owns 237,602 shares of the company's stock worth $2,348,000 after buying an additional 153,473 shares during the last quarter. Finally, Omni Event Management Ltd acquired a new position in InterPrivate III Financial Partners during the fourth quarter worth $2,730,000. Institutional investors and hedge funds own 68.60% of the company's stock.
Get InterPrivate III Financial Partners alerts:InterPrivate III Financial Partners Price Performance
Shares of InterPrivate III Financial Partners stock remained flat at $9.84 during trading hours on Friday. The stock had a trading volume of 105 shares, compared to its average volume of 13,333. InterPrivate III Financial Partners Inc. has a twelve month low of $9.75 and a twelve month high of $9.97. The company's fifty day simple moving average is $9.84 and its two-hundred day simple moving average is $9.85.
About InterPrivate III Financial Partners
(Get Rating)InterPrivate III Financial Partners Inc does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. It focuses on the businesses in the financial services industry.
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