Ramius Advisors LLC Raises Stock Position in Atlantic Coastal Acquisition Corp. (NASDAQ:ACAHU)

Ramius Advisors LLC grew its holdings in shares of Atlantic Coastal Acquisition Corp. (NASDAQ:ACAHU) by 46.9% during the second quarter, Holdings Channel reports. The firm owned 156,832 shares of the company’s stock after purchasing an additional 50,100 shares during the quarter. Atlantic Coastal Acquisition comprises about 0.6% of Ramius Advisors LLC’s holdings, making the stock its 24th largest position. Ramius Advisors LLC’s holdings in Atlantic Coastal Acquisition were worth $1,559,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Panagora Asset Management Inc. increased its stake in Atlantic Coastal Acquisition by 303.0% during the second quarter. Panagora Asset Management Inc. now owns 3,180 shares of the company’s stock worth $32,000 after purchasing an additional 2,391 shares during the period. Royal Bank of Canada purchased a new stake in Atlantic Coastal Acquisition during the first quarter worth about $32,000. Condor Capital Management purchased a new stake in Atlantic Coastal Acquisition during the first quarter worth about $51,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Atlantic Coastal Acquisition during the first quarter worth approximately $99,000. Finally, Virtu Financial LLC purchased a new stake in shares of Atlantic Coastal Acquisition during the first quarter worth approximately $113,000.

Shares of ACAHU stock traded up $0.04 during trading hours on Wednesday, reaching $9.92. 61,365 shares of the stock were exchanged, compared to its average volume of 161,989. The business’s fifty day moving average is $9.92 and its two-hundred day moving average is $9.94. Atlantic Coastal Acquisition Corp. has a 12-month low of $9.80 and a 12-month high of $10.09.

Atlantic Coastal Acquisition Company Profile

Atlantic Coastal Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in San Francisco, California.

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Institutional Ownership by Quarter for Atlantic Coastal Acquisition (NASDAQ:ACAHU)

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