Zimmer Partners LP Purchases New Position in Acies Acquisition Corp. (NASDAQ:ACAC)

Zimmer Partners LP purchased a new stake in Acies Acquisition Corp. (NASDAQ:ACAC) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACAC. D. E. Shaw & Co. Inc. acquired a new position in shares of Acies Acquisition during the 1st quarter worth approximately $253,000. Greenlight Capital Inc. acquired a new position in shares of Acies Acquisition during the 1st quarter worth approximately $878,000. Empyrean Capital Partners LP acquired a new position in shares of Acies Acquisition during the 1st quarter worth approximately $5,556,000. Citadel Advisors LLC acquired a new position in shares of Acies Acquisition during the 1st quarter worth approximately $686,000. Finally, Black Maple Capital Management LP acquired a new position in shares of Acies Acquisition during the 1st quarter worth approximately $99,000. Institutional investors and hedge funds own 49.84% of the company’s stock.

A number of research analysts have issued reports on ACAC shares. Northland Securities started coverage on shares of Acies Acquisition in a research report on Tuesday, May 11th. They set an “outperform” rating and a $15.00 target price on the stock. Craig Hallum initiated coverage on shares of Acies Acquisition in a research report on Monday, April 26th. They set a “buy” rating and a $15.00 target price on the stock. Finally, Benchmark initiated coverage on shares of Acies Acquisition in a report on Tuesday, April 20th. They set a “buy” rating and a $15.00 price target for the company.

NASDAQ:ACAC traded down $0.08 on Thursday, hitting $6.80. The company had a trading volume of 133,244 shares, compared to its average volume of 391,485. The company’s 50 day moving average price is $8.78. Acies Acquisition Corp. has a 52 week low of $7.87 and a 52 week high of $13.20.

Acies Acquisition Profile

Acies Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Manhattan Beach, California.

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Institutional Ownership by Quarter for Acies Acquisition (NASDAQ:ACAC)

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