Point72 Asset Management L.P. Makes New $36.14 Million Investment in Foley Trasimene Acquisition Corp. (NYSE:WPF)

Point72 Asset Management L.P. purchased a new position in shares of Foley Trasimene Acquisition Corp. (NYSE:WPF) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,600,000 shares of the company’s stock, valued at approximately $36,144,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Newbrook Capital Advisors LP bought a new position in Foley Trasimene Acquisition during the first quarter worth about $45,852,000. Empyrean Capital Partners LP lifted its stake in Foley Trasimene Acquisition by 7.9% during the first quarter. Empyrean Capital Partners LP now owns 2,734,351 shares of the company’s stock worth $27,453,000 after purchasing an additional 200,000 shares during the period. Greenlight Capital Inc. bought a new position in Foley Trasimene Acquisition during the first quarter worth about $16,666,000. Corsair Capital Management L.P. lifted its stake in Foley Trasimene Acquisition by 13,430.3% during the first quarter. Corsair Capital Management L.P. now owns 1,653,947 shares of the company’s stock worth $16,606,000 after purchasing an additional 1,641,723 shares during the period. Finally, BlackRock Inc. bought a new position in shares of Foley Trasimene Acquisition in the fourth quarter valued at approximately $12,963,000. Hedge funds and other institutional investors own 56.93% of the company’s stock.

NYSE:WPF opened at $9.00 on Thursday. Foley Trasimene Acquisition Corp. has a 1 year low of $9.58 and a 1 year high of $14.51. The firm has a 50 day moving average price of $9.98.

In other news, CEO Richard N. Massey bought 10,000 shares of the business’s stock in a transaction dated Monday, June 28th. The stock was bought at an average price of $9.90 per share, for a total transaction of $99,000.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $99,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder William P. Foley II acquired 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 28th. The stock was bought at an average price of $9.98 per share, with a total value of $998,000.00. Following the transaction, the insider now directly owns 100,000 shares in the company, valued at $998,000. The disclosure for this purchase can be found here.

Separately, DA Davidson assumed coverage on shares of Foley Trasimene Acquisition in a research note on Tuesday, April 27th. They issued a “buy” rating and a $20.00 target price for the company.

About Foley Trasimene Acquisition

Foley Trasimene Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company focuses on identifying a prospective target business in financial technology or business process outsourcing.

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Institutional Ownership by Quarter for Foley Trasimene Acquisition (NYSE:WPF)

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