Berkley W R Corp Acquires 610,873 Shares of Pyrophyte Acquisition Corp. (NYSE:PHYT)

Berkley W R Corp grew its stake in Pyrophyte Acquisition Corp. (NYSE:PHYT) by 88.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,298,016 shares of the company’s stock after acquiring an additional 610,873 shares during the period. Pyrophyte Acquisition accounts for about 0.8% of Berkley W R Corp’s investment portfolio, making the stock its 19th biggest position. Berkley W R Corp owned approximately 9.26% of Pyrophyte Acquisition worth $14,447,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Mizuho Securities USA LLC acquired a new position in Pyrophyte Acquisition in the first quarter valued at about $1,568,000. Hedge funds and other institutional investors own 62.03% of the company’s stock.

Pyrophyte Acquisition Stock Down 0.2 %

Pyrophyte Acquisition stock traded down $0.02 during midday trading on Monday, hitting $11.45. 700 shares of the stock were exchanged, compared to its average volume of 46,071. Pyrophyte Acquisition Corp. has a 52 week low of $10.73 and a 52 week high of $11.54. The company has a fifty day simple moving average of $11.43 and a two-hundred day simple moving average of $11.27.

Pyrophyte Acquisition Profile

Pyrophyte Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more operating businesses or entities operating in the energy transition industries.