GSR IV Acquisition Corp. $GSRF Shares Newly Bought by StoneX Group Inc.

StoneX Group Inc. acquired a new position in GSR IV Acquisition Corp. (NASDAQ:GSRF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 198,312 shares of the company’s stock, valued at approximately $2,024,000. StoneX Group Inc. owned about 0.67% of GSR IV Acquisition as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GSRF. Rivernorth Capital Management LLC bought a new stake in GSR IV Acquisition during the 1st quarter valued at $4,769,000. Sona Asset Management US LLC bought a new position in shares of GSR IV Acquisition in the first quarter valued at approximately $2,508,000. Harraden Circle Investments LLC purchased a new position in GSR IV Acquisition during the second quarter valued at approximately $2,540,000. Finally, Lineage Point Capital LP grew its stake in GSR IV Acquisition by 38.1% during the second quarter. Lineage Point Capital LP now owns 303,908 shares of the company’s stock valued at $3,085,000 after acquiring an additional 83,908 shares in the last quarter.

GSR IV Acquisition Stock Performance

NASDAQ:GSRF opened at $10.30 on Monday. The business has a 50 day moving average of $10.26 and a 200 day moving average of $10.15. GSR IV Acquisition Corp. has a 1-year low of $9.96 and a 1-year high of $10.30.

GSR IV Acquisition (NASDAQ:GSRF) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.06 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of GSR IV Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

GSR IV Acquisition Profile

GSR IV Acquisition Corp. is a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.

Unlike an operating company, GSR IV Acquisition Corp. does not have a portfolio of commercial products or services. Its activities are focused on evaluating potential acquisition targets and completing a transaction that would result in a combined public company.