Tabor Asset Management LP Makes New $2.61 Million Investment in Keen Vision Acquisition Corporation (NASDAQ:KVAC)

Tabor Asset Management LP acquired a new position in shares of Keen Vision Acquisition Corporation (NASDAQ:KVAC - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 232,800 shares of the company's stock, valued at approximately $2,614,000. Tabor Asset Management LP owned 1.20% of Keen Vision Acquisition at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in Keen Vision Acquisition in the 4th quarter valued at approximately $304,000. Spartan Fund Management Inc. purchased a new position in Keen Vision Acquisition in the 4th quarter valued at approximately $779,000. Finally, Yakira Capital Management Inc. purchased a new position in Keen Vision Acquisition in the 4th quarter valued at approximately $2,556,000. 51.72% of the stock is owned by institutional investors and hedge funds.

Keen Vision Acquisition Stock Performance

NASDAQ KVAC traded up $0.09 during mid-day trading on Monday, hitting $11.48. The stock had a trading volume of 663 shares, compared to its average volume of 53,691. The company has a 50 day simple moving average of $11.35 and a 200 day simple moving average of $11.22. Keen Vision Acquisition Corporation has a 52-week low of $10.62 and a 52-week high of $11.54.

About Keen Vision Acquisition

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.