MMCAP International Inc. SPC Has $4.25 Million Stake in M3-Brigade Acquisition V Corp. $MBAV

MMCAP International Inc. SPC trimmed its holdings in M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) by 73.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,000 shares of the company’s stock after selling 1,100,000 shares during the period. MMCAP International Inc. SPC owned 1.11% of M3-Brigade Acquisition V worth $4,252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Prelude Capital Management LLC bought a new stake in M3-Brigade Acquisition V during the third quarter worth $281,000. Sandia Investment Management LP bought a new position in shares of M3-Brigade Acquisition V in the 2nd quarter valued at $334,000. Radcliffe Capital Management L.P. bought a new position in shares of M3-Brigade Acquisition V in the 3rd quarter valued at $544,000. Susquehanna International Group LLP acquired a new position in shares of M3-Brigade Acquisition V during the 3rd quarter worth $586,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of M3-Brigade Acquisition V during the 2nd quarter worth $900,000.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen raised M3-Brigade Acquisition V to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings reissued a “sell (d)” rating on shares of M3-Brigade Acquisition V in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

M3-Brigade Acquisition V Stock Performance

Shares of M3-Brigade Acquisition V stock opened at $10.80 on Wednesday. The company’s 50 day moving average price is $10.80 and its two-hundred day moving average price is $10.71. M3-Brigade Acquisition V Corp. has a fifty-two week low of $10.48 and a fifty-two week high of $13.73.

M3-Brigade Acquisition V (NASDAQ:MBAV) last posted its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.

About M3-Brigade Acquisition V

M3-Brigade Acquisition V is a special purpose acquisition company (SPAC) sponsored by M3 Inc, a global healthcare information and technology provider, and Brigade Capital Management, an investment management firm. The company is structured as a blank‐check vehicle listed on the Nasdaq Stock Market under the ticker MBAV, with the objective of identifying and completing a business combination in the healthcare, life sciences or related sectors.

The company benefits from the operational expertise of M3’s digital health platform and real‐world data capabilities, combined with Brigade’s deep experience in credit and asset management.