Polar Asset Management Partners Inc. Trims Stock Position in Vine Hill Capital Investment Corp. $VCIC

Key Points

• Polar Asset Management cut its stake in Vine Hill Capital Investment Corp. (NASDAQ: VCIC) by 25% in Q3, selling 100,000 shares and retaining 300,000 shares (about 1.02% of the company) valued at roughly $3.21 million.
• Several other institutions have been buying or building positions recently — including Magnetar (new ~$18.7M position), Linden Advisors (+97.3% to 888,000 shares), Berkley W R (+66.6% to 799,435 shares), Harraden Circle (new ~$11.55M stake) and Radcliffe (+350.1%).
• VCIC shares trade near $10.66 with a market cap of $312.66M and a P/E of 76.14, and analyst coverage shows a consensus Sell rating (Weiss Ratings reissued a "sell (d)").

Polar Asset Management Partners Inc. decreased its stake in Vine Hill Capital Investment Corp. (NASDAQ:VCIC - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 300,000 shares of the company's stock after selling 100,000 shares during the period. Polar Asset Management Partners Inc. owned 1.02% of Vine Hill Capital Investment worth $3,213,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VCIC. Berkley W R Corp lifted its position in Vine Hill Capital Investment by 66.6% in the second quarter. Berkley W R Corp now owns 799,435 shares of the company's stock valued at $8,314,000 after acquiring an additional 319,491 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Vine Hill Capital Investment during the second quarter worth about $18,666,000. Linden Advisors LP grew its holdings in shares of Vine Hill Capital Investment by 97.3% during the third quarter. Linden Advisors LP now owns 888,000 shares of the company's stock worth $9,510,000 after purchasing an additional 438,000 shares during the last quarter. Harraden Circle Investments LLC acquired a new stake in shares of Vine Hill Capital Investment during the third quarter worth about $11,549,000. Finally, Radcliffe Capital Management L.P. lifted its holdings in shares of Vine Hill Capital Investment by 350.1% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 252,587 shares of the company's stock valued at $2,705,000 after purchasing an additional 196,464 shares during the last quarter.

Vine Hill Capital Investment Price Performance

Shares of Vine Hill Capital Investment stock opened at $10.66 on Friday. The firm's fifty day simple moving average is $10.66 and its 200-day simple moving average is $10.78. Vine Hill Capital Investment Corp. has a 12 month low of $10.15 and a 12 month high of $11.99. The stock has a market capitalization of $312.66 million, a price-to-earnings ratio of 76.14 and a beta of 0.09.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Vine Hill Capital Investment in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".

Vine Hill Capital Investment Company Profile

Vine Hill Capital Investment Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Vine Hill Capital Investment Corp. is based in Fort Lauderdale, Florida.

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