135,000 Shares in Stellar V Capital Corp. $SVCC Bought by Gritstone Asset Management LLC

Key Points

• Gritstone Asset Management LLC acquired 135,000 shares of Stellar V Capital Corp. (NASDAQ:SVCC) worth approximately $1.38 million, making it the firm's 26th largest investment.
• The stock has shown a price range within the past year, hitting a low of $9.95 and a high of $10.39, with shares opening at $10.33 recently.
• Analysts have a consensus rating of "Sell" for the stock, with Weiss Ratings reaffirming its "sell (e+)" rating.

Gritstone Asset Management LLC acquired a new stake in Stellar V Capital Corp. (NASDAQ:SVCC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 135,000 shares of the company's stock, valued at approximately $1,380,000. Stellar V Capital accounts for approximately 1.4% of Gritstone Asset Management LLC's investment portfolio, making the stock its 26th biggest position. Gritstone Asset Management LLC owned 0.62% of Stellar V Capital as of its most recent filing with the SEC.

Stellar V Capital Price Performance

Shares of NASDAQ:SVCC opened at $10.33 on Friday. The company has a fifty day simple moving average of $10.29. Stellar V Capital Corp. has a 1 year low of $9.95 and a 1 year high of $10.39.

Stellar V Capital (NASDAQ:SVCC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Stellar V Capital in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Sell".

About Stellar V Capital

We are a blank check company incorporated on July 12, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.

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