Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Stock Price Up 0.9% – Time to Buy?

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO)’s share price rose 0.9% during mid-day trading on Thursday . The stock traded as high as $11.84 and last traded at $11.85. Approximately 421 shares traded hands during trading, an increase of 501% from the average daily volume of 70 shares. The stock had previously closed at $11.75.

Patria Latin American Opportunity Acquisition Trading Down 0.0 %

The firm’s 50-day moving average price is $11.66 and its 200-day moving average price is $11.62.

Institutional Investors Weigh In On Patria Latin American Opportunity Acquisition

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC raised its position in shares of Patria Latin American Opportunity Acquisition by 35.6% during the third quarter. Wolverine Asset Management LLC now owns 405,308 shares of the company’s stock valued at $4,706,000 after buying an additional 106,301 shares during the last quarter. Mizuho Securities USA LLC increased its position in Patria Latin American Opportunity Acquisition by 2.0% in the fourth quarter. Mizuho Securities USA LLC now owns 370,511 shares of the company’s stock worth $4,279,000 after purchasing an additional 7,209 shares during the last quarter. Crossingbridge Advisors LLC bought a new stake in Patria Latin American Opportunity Acquisition in the third quarter worth $2,546,000. Finally, Spartan Fund Management Inc. bought a new stake in Patria Latin American Opportunity Acquisition in the third quarter worth $49,000. Institutional investors own 72.25% of the company’s stock.

About Patria Latin American Opportunity Acquisition

Patria Latin American Opportunity 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. It intends to focus its search on companies in the healthcare, food and beverage, logistics, agribusiness, education, and financial services sectors primarily in Latin America.