Berkley W R Corp Decreases Stock Position in Keen Vision Acquisition Corporation $KVAC

Berkley W R Corp cut its holdings in Keen Vision Acquisition Corporation (NASDAQ:KVAC) by 31.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 714,015 shares of the company’s stock after selling 332,153 shares during the period. Keen Vision Acquisition makes up 0.5% of Berkley W R Corp’s investment portfolio, making the stock its 28th largest position. Berkley W R Corp owned approximately 0.08% of Keen Vision Acquisition worth $8,218,000 as of its most recent SEC filing.

Separately, Crossingbridge Advisors LLC purchased a new position in shares of Keen Vision Acquisition in the third quarter worth $755,000. Institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Keen Vision Acquisition Stock Down 1.0%

NASDAQ:KVAC opened at $11.86 on Friday. The company has a 50 day simple moving average of $11.89 and a two-hundred day simple moving average of $11.75. Keen Vision Acquisition Corporation has a 12 month low of $11.17 and a 12 month high of $12.20.

Keen Vision Acquisition Profile

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.