Agriculture & Natural Solutions Acquisition (NASDAQ:ANSC) Trading Up 0.1% - Should You Buy?

Key Points

• Agriculture & Natural Solutions Acquisition Corporation (NASDAQ:ANSC) experienced a slight trading increase of 0.1%, with shares trading at $10.89 after a significant decrease in trading volume.
• Institutional investors have heavily modified their holdings, with notable increases in stakes from Wealthspring Capital LLC and Wolverine Asset Management LLC, contributing to approximately 38.75% of the stock being held by institutional investors.
• The company operates as a blank check company, focusing on business combinations and has been active in acquiring shares since its inception in 2021.

Shares of Agriculture & Natural Solutions Acquisition Corporation (NASDAQ:ANSC - Get Free Report) traded up 0.1% during mid-day trading on Wednesday . The stock traded as high as $10.89 and last traded at $10.89. 18,322 shares traded hands during trading, a decline of 72% from the average session volume of 65,737 shares. The stock had previously closed at $10.87.

Agriculture & Natural Solutions Acquisition Trading Up 0.1%

The company's 50-day simple moving average is $10.84 and its 200-day simple moving average is $10.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ANSC. Alberta Investment Management Corp acquired a new position in Agriculture & Natural Solutions Acquisition in the second quarter valued at about $13,020,000. BCK Capital Management LP raised its stake in Agriculture & Natural Solutions Acquisition by 135.7% in the second quarter. BCK Capital Management LP now owns 87,534 shares of the company's stock valued at $950,000 after purchasing an additional 50,400 shares in the last quarter. Wealthspring Capital LLC raised its stake in Agriculture & Natural Solutions Acquisition by 252.2% in the second quarter. Wealthspring Capital LLC now owns 978,512 shares of the company's stock valued at $10,617,000 after purchasing an additional 700,691 shares in the last quarter. Wolverine Asset Management LLC raised its stake in Agriculture & Natural Solutions Acquisition by 42.8% in the second quarter. Wolverine Asset Management LLC now owns 1,735,466 shares of the company's stock valued at $18,830,000 after purchasing an additional 520,479 shares in the last quarter. Finally, Bluefin Capital Management LLC acquired a new position in Agriculture & Natural Solutions Acquisition in the first quarter valued at about $1,067,000. Institutional investors and hedge funds own 38.75% of the company's stock.

About Agriculture & Natural Solutions Acquisition

Agriculture & Natural Solutions Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded in 2021 and is headquartered in New York, NY.