Gritstone Asset Management LLC Buys New Stake in GSR III Acquisition Corp. $GSRT

Key Points

• Gritstone Asset Management LLC purchased 28,031 shares of GSR III Acquisition Corp., valued at approximately $302,000, indicating growing institutional interest in the company.
• Equities research analysts have mixed opinions on GSRT, with Zacks Research upgrading it to a "hold" rating, while other analysts set a "buy" rating with price targets around $19.00 to $20.00.
• GSR III Acquisition Corp. has shown strong share price performance, reaching a 12-month high of $15.62, while currently trading at $15.52.

Gritstone Asset Management LLC bought a new stake in GSR III Acquisition Corp. (NASDAQ:GSRT - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 28,031 shares of the company's stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GSRT. Mirae Asset Global Investments Co. Ltd. acquired a new position in GSR III Acquisition in the 1st quarter valued at $651,000. Context Capital Management LLC acquired a new position in GSR III Acquisition in the 1st quarter valued at $5,005,000. Picton Mahoney Asset Management acquired a new stake in GSR III Acquisition in the 1st quarter worth $5,005,000. Wolverine Asset Management LLC increased its holdings in shares of GSR III Acquisition by 374.2% during the 1st quarter. Wolverine Asset Management LLC now owns 1,063,447 shares of the company's stock worth $10,645,000 after purchasing an additional 839,207 shares during the period. Finally, Mizuho Securities USA LLC acquired a new position in shares of GSR III Acquisition during the first quarter valued at about $514,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research raised GSR III Acquisition to a "hold" rating in a research report on Tuesday, October 7th. Benchmark began coverage on GSR III Acquisition in a research report on Tuesday, August 12th. They set a "buy" rating and a $19.00 price objective on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of GSR III Acquisition in a research report on Wednesday. Finally, Roth Capital started coverage on shares of GSR III Acquisition in a research note on Tuesday, September 23rd. They set a "buy" rating and a $20.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $19.50.

GSR III Acquisition Price Performance

NASDAQ GSRT opened at $15.52 on Friday. The company's 50-day simple moving average is $10.77 and its 200 day simple moving average is $10.59. GSR III Acquisition Corp. has a twelve month low of $8.82 and a twelve month high of $15.62.

GSR III Acquisition Company Profile

GSR III Acquisition Corp engages in the merger, share exchange, asset acquisition, share purchase or reorganization with one or more businesses. The company was founded on May 10, 2023 and is headquartered in Austin, Texas.

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