Aberdeen Group plc Buys Shares of 346,300 Perceptive Capital Solutions Corp. $PCSC

Key Points

• Aberdeen Group plc bought 346,300 shares of Perceptive Capital Solutions (NASDAQ:PCSC) in Q4, a position worth about $4.51 million that represented roughly 3.89% of the company at quarter-end.
• Other institutional moves included new or increased stakes from Radcliffe, Berkley W R, Rangeley Capital and Sculptor Capital LP, with Sculptor now holding 415,090 shares (about $4.41 million), signaling rising hedge fund interest.
• Perceptive Capital Solutions is a blank-check company with a market cap of ~$97.5M, a recent quarterly EPS of ($0.06), a 1-year price range of $10.28–$14.47, and carries a consensus "Sell" analyst rating.

Aberdeen Group plc bought a new stake in Perceptive Capital Solutions Corp. (NASDAQ:PCSC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 346,300 shares of the company's stock, valued at approximately $4,512,000. Aberdeen Group plc owned about 3.89% of Perceptive Capital Solutions at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Radcliffe Capital Management L.P. purchased a new position in shares of Perceptive Capital Solutions in the 3rd quarter valued at approximately $128,000. Berkley W R Corp purchased a new position in shares of Perceptive Capital Solutions in the 2nd quarter valued at approximately $169,000. Sculptor Capital LP grew its stake in shares of Perceptive Capital Solutions by 0.5% in the 2nd quarter. Sculptor Capital LP now owns 415,090 shares of the company's stock valued at $4,408,000 after purchasing an additional 2,243 shares during the last quarter. Finally, Rangeley Capital LLC purchased a new position in shares of Perceptive Capital Solutions in the 2nd quarter valued at approximately $212,000.

Perceptive Capital Solutions Price Performance

Perceptive Capital Solutions stock opened at $10.94 on Thursday. Perceptive Capital Solutions Corp. has a 1-year low of $10.28 and a 1-year high of $14.47. The company has a market cap of $97.48 million, a PE ratio of 136.77 and a beta of 0.45. The stock's 50 day moving average price is $12.28 and its 200 day moving average price is $11.92.

Perceptive Capital Solutions (NASDAQ:PCSC - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported ($0.06) earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Perceptive Capital Solutions in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Perceptive Capital Solutions has a consensus 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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