100,000 Shares in Starboard Value Acquisition Corp. $SVAC Purchased by Gritstone Asset Management LLC

Key Points

• Gritstone Asset Management bought a new position of 100,000 shares in Starboard Value Acquisition (NASDAQ:SVAC) in Q4, worth about $1,015,000 and representing roughly 0.20% ownership.
• First Trust Capital Management also established a new stake in SVAC in Q3 valued at approximately $3.47 million.
• Analysts are negative on the stock—Weiss Ratings reiterated a "Sell" and MarketBeat shows a consensus Sell—while shares trade around $10.30, near a 12‑month low of $10.03 (12‑month high $12.00).

Gritstone Asset Management LLC bought a new position in shares of Starboard Value Acquisition Corp. (NASDAQ:SVAC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the company's stock, valued at approximately $1,015,000. Gritstone Asset Management LLC owned 0.20% of Starboard Value Acquisition as of its most recent SEC filing.

Separately, First Trust Capital Management L.P. acquired a new stake in Starboard Value Acquisition during the third quarter worth about $3,466,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (e)" rating on shares of Starboard Value Acquisition in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Starboard Value Acquisition currently has a consensus rating of "Sell".

Starboard Value Acquisition Trading Up 0.8%

Shares of SVAC stock opened at $10.30 on Wednesday. The business's 50 day simple moving average is $10.34. Starboard Value Acquisition Corp. has a 12-month low of $10.03 and a 12-month high of $12.00.

Starboard Value Acquisition Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.

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