Cartica Acquisition Corp (NASDAQ:CITE) Shares Acquired by Berkley W R Corp

Berkley W R Corp increased its stake in shares of Cartica Acquisition Corp (NASDAQ:CITE) by 42.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 623,862 shares of the company’s stock after buying an additional 184,461 shares during the quarter. Berkley W R Corp owned 0.06% of Cartica Acquisition worth $6,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CITE. K2 Principal Fund L.P. acquired a new stake in Cartica Acquisition during the 1st quarter worth about $452,000. Mizuho Securities USA LLC purchased a new position in shares of Cartica Acquisition in the fourth quarter worth about $1,830,000. Finally, Glazer Capital LLC raised its stake in shares of Cartica Acquisition by 140.1% in the fourth quarter. Glazer Capital LLC now owns 420,753 shares of the company’s stock worth $4,590,000 after purchasing an additional 245,507 shares during the last quarter. 42.21% of the stock is owned by institutional investors and hedge funds.

Cartica Acquisition Price Performance

NASDAQ:CITE traded down $0.07 during midday trading on Monday, hitting $11.42. The company’s stock had a trading volume of 127 shares, compared to its average volume of 27,289. The firm’s 50 day moving average is $11.28 and its 200-day moving average is $11.13. Cartica Acquisition Corp has a fifty-two week low of $10.61 and a fifty-two week high of $12.25.

About Cartica Acquisition

Cartica Acquisition Corp does not have any significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and complete a business combination in the technology sector in India.