FNY Investment Advisers LLC Acquires New Holdings in Spark I Acquisition Corporation $SPKL

FNY Investment Advisers LLC purchased a new position in Spark I Acquisition Corporation (NASDAQ:SPKL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 116,031 shares of the company’s stock, valued at approximately $1,456,000. FNY Investment Advisers LLC owned approximately 1.34% of Spark I Acquisition at the end of the most recent reporting period.

Separately, Berkley W R Corp increased its stake in Spark I Acquisition by 37.9% in the 1st quarter. Berkley W R Corp now owns 90,426 shares of the company’s stock valued at $1,025,000 after buying an additional 24,860 shares during the last quarter. 34.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Spark I Acquisition in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Spark I Acquisition Trading Down 0.3%

Spark I Acquisition stock opened at $11.68 on Friday. The business’s 50-day moving average price is $12.16 and its two-hundred day moving average price is $11.71. Spark I Acquisition Corporation has a 12-month low of $10.90 and a 12-month high of $13.93.

Spark I Acquisition (NASDAQ:SPKL) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share for the quarter.

Spark I Acquisition Profile

Spark I Acquisition Corp. is a Delaware-incorporated special purpose acquisition company (SPAC) listed on the NASDAQ under the ticker SPKL. Formed in 2020, the company has no commercial operations of its own and was established to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank check company, Spark I Acquisition holds funds in trust until it identifies and completes a business combination target.

The company’s primary focus is on identifying high-growth businesses, with an emphasis on sectors such as technology, industrials and consumer products.