Wealthspring Capital LLC Sells 113,250 Shares of Cayson Acquisition Corp $CAPN

Wealthspring Capital LLC cut its holdings in shares of Cayson Acquisition Corp (NASDAQ:CAPN) by 65.5% during the 3rd quarter, Holdings Channel reports. The firm owned 59,550 shares of the company’s stock after selling 113,250 shares during the period. Wealthspring Capital LLC’s holdings in Cayson Acquisition were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Wolverine Asset Management LLC lifted its holdings in shares of Cayson Acquisition by 10.9% during the second quarter. Wolverine Asset Management LLC now owns 571,280 shares of the company’s stock worth $5,896,000 after purchasing an additional 56,173 shares during the period. Westchester Capital Management LLC bought a new stake in Cayson Acquisition during the 1st quarter worth approximately $3,315,000. Karpus Management Inc. raised its holdings in shares of Cayson Acquisition by 10.6% in the second quarter. Karpus Management Inc. now owns 292,508 shares of the company’s stock valued at $3,007,000 after purchasing an additional 28,102 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Cayson Acquisition during the first quarter valued at approximately $2,805,000. Finally, Whitebox Advisors LLC bought a new stake in shares of Cayson Acquisition during the 2nd quarter worth $1,290,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cayson Acquisition in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Cayson Acquisition Stock Up 0.1%

Shares of CAPN stock opened at $10.63 on Wednesday. The company has a 50 day simple moving average of $10.55 and a two-hundred day simple moving average of $10.44. Cayson Acquisition Corp has a 12 month low of $10.01 and a 12 month high of $11.44.

Cayson Acquisition (NASDAQ:CAPN) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.05 EPS for the quarter.

Cayson Acquisition Company Profile

Cayson Acquisition Corp. is a Cayman Islands–incorporated blank check company formed in early 2021 to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021 and is listed on the Nasdaq under the ticker symbol CAPN. As a special purpose acquisition company, Cayson Acquisition currently holds its capital in a trust account pending the execution of a qualifying transaction.

The company’s management team is focused on identifying high-growth opportunities across a range of industries, including technology, healthcare, consumer products and business services.