Clear Street Group Inc. Acquires New Position in StoneBridge Acquisition Co. $APAC

Clear Street Group Inc. acquired a new stake in shares of StoneBridge Acquisition Co. (NASDAQ:APAC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 323,189 shares of the company’s stock, valued at approximately $3,216,000. Clear Street Group Inc. owned 4.01% of StoneBridge Acquisition as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of APAC. Wolverine Asset Management LLC purchased a new position in StoneBridge Acquisition during the fourth quarter worth approximately $4,989,000. Glazer Capital LLC purchased a new position in StoneBridge Acquisition during the fourth quarter worth approximately $4,051,000. Berkley W R Corp purchased a new position in StoneBridge Acquisition during the fourth quarter worth approximately $1,128,000. Westchester Capital Management LLC purchased a new position in StoneBridge Acquisition during the fourth quarter worth approximately $796,000. Finally, ABC Arbitrage SA purchased a new position in StoneBridge Acquisition during the fourth quarter worth approximately $199,000. Hedge funds and other institutional investors own 19.18% of the company’s stock.

StoneBridge Acquisition Stock Up 0.2%

NASDAQ:APAC opened at $10.13 on Friday. StoneBridge Acquisition Co. has a fifty-two week low of $9.87 and a fifty-two week high of $10.15. The firm’s 50 day moving average is $10.09 and its two-hundred day moving average is $10.04.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of StoneBridge Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, StoneBridge Acquisition has a consensus rating of “Sell”.

StoneBridge Acquisition Profile

StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.