Mark Angelo Buys 125,000 Shares of Texas Ventures Acquisition III (NASDAQ:TVA) Stock

Texas Ventures Acquisition III Corp (NASDAQ:TVA) Director Mark Angelo acquired 125,000 shares of Texas Ventures Acquisition III stock in a transaction on Friday, February 27th. The shares were purchased at an average cost of $10.48 per share, for a total transaction of $1,310,000.00. Following the acquisition, the director owned 1,050,000 shares in the company, valued at approximately $11,004,000. This represents a 13.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Texas Ventures Acquisition III Stock Performance

TVA stock opened at $10.48 on Wednesday. Texas Ventures Acquisition III Corp has a twelve month low of $10.06 and a twelve month high of $12.27. The business has a fifty day moving average of $10.48 and a 200-day moving average of $10.54.

Texas Ventures Acquisition III (NASDAQ:TVA) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $0.17 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

TVA has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings raised shares of Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Texas Ventures Acquisition III

Institutional investors have recently modified their holdings of the stock. Mercuria Capital Strategies LLC bought a new stake in shares of Texas Ventures Acquisition III in the 4th quarter valued at about $5,325,000. Lincoln Capital Corp bought a new position in Texas Ventures Acquisition III during the 1st quarter worth approximately $520,000. Fifth Lane Capital LP acquired a new position in Texas Ventures Acquisition III during the fourth quarter valued at approximately $952,000. Governors Lane LP increased its stake in Texas Ventures Acquisition III by 11.5% in the fourth quarter. Governors Lane LP now owns 468,058 shares of the company’s stock valued at $4,985,000 after purchasing an additional 48,258 shares in the last quarter. Finally, Rivernorth Capital Management LLC increased its stake in Texas Ventures Acquisition III by 33.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock valued at $4,233,000 after purchasing an additional 100,000 shares in the last quarter.

Texas Ventures Acquisition III Company Profile

Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.