799,984 Shares in A Paradise Acquisition Corp. $APAD Bought by Magnetar Financial LLC

Magnetar Financial LLC acquired a new position in shares of A Paradise Acquisition Corp. (NASDAQ:APAD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 799,984 shares of the company’s stock, valued at approximately $8,040,000. Magnetar Financial LLC owned 3.88% of A Paradise Acquisition as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Arax Advisory Partners acquired a new stake in shares of A Paradise Acquisition during the fourth quarter worth $39,000. HRT Financial LP acquired a new stake in shares of A Paradise Acquisition during the fourth quarter worth $249,000. Geode Capital Management LLC acquired a new stake in shares of A Paradise Acquisition during the fourth quarter worth $263,000. Verition Fund Management LLC raised its holdings in shares of A Paradise Acquisition by 6.3% during the fourth quarter. Verition Fund Management LLC now owns 717,331 shares of the company’s stock worth $7,209,000 after acquiring an additional 42,331 shares during the period. Finally, First Trust Capital Management L.P. acquired a new stake in shares of A Paradise Acquisition during the fourth quarter worth $502,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

A Paradise Acquisition Price Performance

A Paradise Acquisition stock opened at $8.03 on Wednesday. A Paradise Acquisition Corp. has a 1-year low of $7.50 and a 1-year high of $14.00. The company has a fifty day simple moving average of $8.99.

A Paradise Acquisition (NASDAQ:APAD) last released its earnings results on Monday, May 4th. The company reported $0.08 earnings per share for the quarter.

About A Paradise Acquisition

A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.

Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.