Harraden Circle Investments LLC Acquires New Position in Churchill Capital Corp IX $CCIX

Harraden Circle Investments LLC acquired a new stake in Churchill Capital Corp IX (NASDAQ:CCIX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 986,559 shares of the company’s stock, valued at approximately $10,744,000. Harraden Circle Investments LLC owned about 2.69% of Churchill Capital Corp IX at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Berkley W R Corp increased its holdings in shares of Churchill Capital Corp IX by 93.4% in the first quarter. Berkley W R Corp now owns 1,810,437 shares of the company’s stock valued at $19,335,000 after purchasing an additional 874,256 shares during the last quarter. BCK Capital Management LP boosted its stake in Churchill Capital Corp IX by 177.6% during the fourth quarter. BCK Capital Management LP now owns 380,000 shares of the company’s stock worth $4,039,000 after buying an additional 243,115 shares during the last quarter. Verition Fund Management LLC boosted its stake in Churchill Capital Corp IX by 9.5% during the fourth quarter. Verition Fund Management LLC now owns 272,020 shares of the company’s stock worth $2,892,000 after buying an additional 23,651 shares during the last quarter. Verbena Value LP purchased a new stake in Churchill Capital Corp IX in the 4th quarter valued at $2,986,000. Finally, Shaolin Capital Management LLC grew its holdings in Churchill Capital Corp IX by 75.0% in the 3rd quarter. Shaolin Capital Management LLC now owns 350,000 shares of the company’s stock valued at $3,668,000 after buying an additional 150,000 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Churchill Capital Corp IX to a “sell” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Churchill Capital Corp IX has an average rating of “Sell”.

Churchill Capital Corp IX Price Performance

NASDAQ:CCIX opened at $10.88 on Friday. The company’s 50-day moving average is $10.88 and its two-hundred day moving average is $10.79. Churchill Capital Corp IX has a 1-year low of $10.45 and a 1-year high of $11.32. The firm has a market capitalization of $398.88 million, a price-to-earnings ratio of 57.27 and a beta of -0.05.

About Churchill Capital Corp IX

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.