TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Foley Trasimene Acquisition Corp. (NYSE:WPF) in the 1st quarter, HoldingsChannel.com reports. The firm bought 300,000 shares of the company’s stock, valued at approximately $3,012,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sphera Funds Management LTD. purchased a new stake in shares of Foley Trasimene Acquisition during the first quarter valued at $2,008,000. Weiss Asset Management LP purchased a new stake in shares of Foley Trasimene Acquisition during the first quarter valued at $10,868,000. SkyView Investment Advisors LLC purchased a new stake in Foley Trasimene Acquisition in the 4th quarter worth about $269,000. Rockefeller Capital Management L.P. purchased a new stake in Foley Trasimene Acquisition in the 1st quarter worth about $148,000. Finally, New York Life Investments Alternatives acquired a new position in Foley Trasimene Acquisition in the 1st quarter worth about $420,000. 56.93% of the stock is owned by institutional investors and hedge funds.
Separately, DA Davidson assumed coverage on Foley Trasimene Acquisition in a research report on Tuesday, April 27th. They issued a “buy” rating and a $20.00 target price on the stock.
In other Foley Trasimene Acquisition news, major shareholder William P. Foley II bought 100,000 shares of the stock in a transaction on Monday, June 28th. The shares were purchased at an average price of $9.98 per share, with a total value of $998,000.00. Following the acquisition, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $998,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard N. Massey bought 10,000 shares of the stock in a transaction on Monday, June 28th. The stock was acquired at an average cost of $9.90 per share, for a total transaction of $99,000.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $99,000. The disclosure for this purchase can be found here.
Foley Trasimene Acquisition Profile
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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Want to see what other hedge funds are holding WPF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foley Trasimene Acquisition Corp. (NYSE:WPF).
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