DLD Asset Management LP Takes Position in Translational Development Acquisition Corp. (NASDAQ:TDACU)

DLD Asset Management LP bought a new position in shares of Translational Development Acquisition Corp. (NASDAQ:TDACU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 194,853 shares of the company’s stock, valued at approximately $3,593,000. Translational Development Acquisition accounts for approximately 0.4% of DLD Asset Management LP’s investment portfolio, making the stock its 26th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Tuttle Capital Management LLC bought a new stake in Translational Development Acquisition in the 4th quarter valued at about $461,000. Wealthspring Capital LLC bought a new stake in shares of Translational Development Acquisition in the fourth quarter valued at approximately $1,095,000. Mizuho Securities USA LLC acquired a new stake in Translational Development Acquisition during the fourth quarter worth approximately $2,305,000. Highbridge Capital Management LLC acquired a new position in Translational Development Acquisition in the 4th quarter valued at $2,766,000. Finally, Schechter Investment Advisors LLC acquired a new position in Translational Development Acquisition in the 4th quarter valued at $2,778,000.

Translational Development Acquisition Trading Up 0.5 %

TDACU opened at $10.19 on Wednesday. The stock’s fifty day moving average is $10.11. Translational Development Acquisition Corp. has a 52-week low of $10.00 and a 52-week high of $10.30.

Translational Development Acquisition Company Profile

Trident Acquisitions Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector.