Radcliffe Capital Management L.P. grew its position in shares of Fifth Era Acquisition Corp I (NASDAQ:FERA – Free Report) by 22.8% during the fourth quarter, Holdings Channel reports. The fund owned 404,403 shares of the company’s stock after purchasing an additional 75,201 shares during the period. Radcliffe Capital Management L.P.’s holdings in Fifth Era Acquisition Corp I were worth $4,161,000 as of its most recent SEC filing.
Separately, Glazer Capital LLC lifted its stake in shares of Fifth Era Acquisition Corp I by 31.8% in the 4th quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock valued at $9,312,000 after purchasing an additional 218,282 shares during the period.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Fifth Era Acquisition Corp I from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Fifth Era Acquisition Corp I presently has an average rating of “Sell”.
Fifth Era Acquisition Corp I Trading Down 0.1%
FERA opened at $10.40 on Wednesday. The company’s 50-day moving average is $10.36. Fifth Era Acquisition Corp I has a 52-week low of $10.11 and a 52-week high of $10.50.
Fifth Era Acquisition Corp I (NASDAQ:FERA – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.04 EPS for the quarter. The company had revenue of $2.09 million during the quarter.
About Fifth Era Acquisition Corp I
Fifth Era Acquisition Corp I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check vehicle, the company was formed to raise capital in public markets through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The primary business activity of Fifth Era Acquisition Corp I is to serve as an acquisition vehicle that facilitates the transition of a private company to the public markets through a merger, share exchange, asset acquisition or similar transaction.
Like other SPACs, Fifth Era Acquisition Corp I typically holds the proceeds from its public offering in a trust account pending the completion of a qualifying business combination.
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