Virtu Financial LLC Takes $1.20 Million Position in Evolution Global Acquisition Corp $EVOX

Virtu Financial LLC bought a new position in shares of Evolution Global Acquisition Corp (NASDAQ:EVOX) during the 4th quarter, Holdings Channel reports. The institutional investor bought 121,326 shares of the company’s stock, valued at approximately $1,197,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. purchased a new position in Evolution Global Acquisition in the fourth quarter valued at approximately $18,654,000. Governors Lane LP acquired a new position in Evolution Global Acquisition in the 4th quarter valued at about $10,260,000. Glazer Capital LLC purchased a new stake in shares of Evolution Global Acquisition during the fourth quarter worth approximately $9,014,000. Verition Fund Management LLC purchased a new position in Evolution Global Acquisition during the 4th quarter worth $7,156,000. Finally, Radcliffe Capital Management L.P. purchased a new position in Evolution Global Acquisition during the fourth quarter worth about $7,116,000.

Evolution Global Acquisition Price Performance

NASDAQ EVOX opened at $10.01 on Friday. Evolution Global Acquisition Corp has a 12 month low of $9.86 and a 12 month high of $10.09. The company’s 50-day moving average is $10.01.

Evolution Global Acquisition (NASDAQ:EVOX) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.06 earnings per share for the quarter.

Analyst Ratings Changes

EVOX has been the subject of several research analyst reports. Wall Street Zen upgraded Evolution Global Acquisition to a “sell” rating in a research report on Saturday, March 14th. Weiss Ratings raised shares of Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Evolution Global Acquisition Profile

Evolution Global Acquisition (NASDAQ:EVOX) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check company, its primary business purpose is to identify, negotiate and complete a business combination, merger or other acquisition that takes a target company public through the SPAC structure. The vehicle provides a means for investors to gain exposure to prospective private companies seeking public market access via a negotiated transaction with the sponsor.

SPACs like Evolution Global Acquisition typically raise capital in an initial public offering and hold funds in trust while they evaluate potential transaction opportunities.