Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) Stock Price Up 0.4% – Here’s What Happened

Investcorp Europe Acquisition Corp I (NASDAQ:IVCB)’s stock price rose 0.4% during trading on Wednesday . The company traded as high as $11.59 and last traded at $11.59. Approximately 4,087 shares changed hands during trading, a decline of 97% from the average daily volume of 162,573 shares. The stock had previously closed at $11.54.

Investcorp Europe Acquisition Corp I Stock Up 0.4 %

The company has a 50 day moving average of $11.57 and a two-hundred day moving average of $11.56.

Investcorp Europe Acquisition Corp I Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Shaolin Capital Management LLC raised its position in Investcorp Europe Acquisition Corp I by 75.2% during the second quarter. Shaolin Capital Management LLC now owns 350,456 shares of the company’s stock worth $3,978,000 after acquiring an additional 150,456 shares during the period. Wolverine Asset Management LLC grew its position in shares of Investcorp Europe Acquisition Corp I by 3.7% in the third quarter. Wolverine Asset Management LLC now owns 249,736 shares of the company’s stock valued at $2,944,000 after purchasing an additional 9,002 shares during the period. Bluefin Capital Management LLC purchased a new stake in shares of Investcorp Europe Acquisition Corp I during the second quarter worth about $2,270,000. Finally, K2 Principal Fund L.P. purchased a new stake in shares of Investcorp Europe Acquisition Corp I during the second quarter worth about $1,850,000. Hedge funds and other institutional investors own 66.10% of the company’s stock.

Investcorp Europe Acquisition Corp I Company Profile

Investcorp Europe Acquisition Corp I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets in the business services, consumer and lifestyle, niche manufacturing, and technology sectors.