126,083 Shares in Perceptive Capital Solutions Corp. $PCSC Bought by DLD Asset Management LP

Key Points

• DLD Asset Management LP disclosed a new first-quarter stake in Perceptive Capital Solutions, buying 126,083 shares valued at about $1.38 million and owning roughly 1.46% of the company.
• Other institutional investors also made sizable moves in PCSC, including Farallon Capital Management, ADAR1 Capital Management, BIT Capital GmbH, 683 Capital Management, and One Fin Capital Management.
• Perceptive Capital Solutions reported a recent quarterly EPS of ($0.01); the stock opened at $11.95 and analysts currently have an average Sell rating on the shares.

DLD Asset Management LP bought a new stake in Perceptive Capital Solutions Corp. (NASDAQ:PCSC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 126,083 shares of the company's stock, valued at approximately $1,383,000. DLD Asset Management LP owned about 1.46% of Perceptive Capital Solutions at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Farallon Capital Management LLC bought a new stake in Perceptive Capital Solutions during the fourth quarter valued at about $29,318,000. ADAR1 Capital Management LLC increased its stake in shares of Perceptive Capital Solutions by 160.9% in the fourth quarter. ADAR1 Capital Management LLC now owns 1,956,720 shares of the company's stock worth $25,496,000 after purchasing an additional 1,206,720 shares during the period. BIT Capital GmbH acquired a new position in shares of Perceptive Capital Solutions during the 4th quarter worth about $9,646,000. 683 Capital Management LLC lifted its position in shares of Perceptive Capital Solutions by 28.2% during the 4th quarter. 683 Capital Management LLC now owns 640,894 shares of the company's stock worth $8,351,000 after purchasing an additional 140,894 shares during the last quarter. Finally, One Fin Capital Management LP acquired a new position in shares of Perceptive Capital Solutions during the 4th quarter worth about $5,691,000.

Perceptive Capital Solutions Price Performance

Shares of PCSC opened at $11.95 on Thursday. Perceptive Capital Solutions Corp. has a 12-month low of $9.95 and a 12-month high of $14.47. The firm has a market capitalization of $97.48 million, a price-to-earnings ratio of -199.13 and a beta of 0.36. The stock's 50-day moving average price is $11.22 and its 200 day moving average price is $11.90.

Perceptive Capital Solutions (NASDAQ:PCSC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The company reported ($0.01) EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Perceptive Capital Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of "Sell".

About Perceptive Capital Solutions

Perceptive Capital Solutions Corp is a blank check company. It formed for the purpose of entering into a combination with one or more businesses or entities. Perceptive Capital Solutions Corp is based in NEW YORK.

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