Westchester Capital Management LLC Decreases Position in Bowen Acquisition Corp (NASDAQ:BOWN)

Westchester Capital Management LLC cut its stake in shares of Bowen Acquisition Corp (NASDAQ:BOWN - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,837 shares of the company's stock after selling 27,563 shares during the period. Westchester Capital Management LLC owned 2.38% of Bowen Acquisition worth $2,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BOWN. Harraden Circle Investments LLC purchased a new stake in Bowen Acquisition during the fourth quarter valued at approximately $4,343,000. Wolverine Asset Management LLC grew its stake in shares of Bowen Acquisition by 66.8% during the fourth quarter. Wolverine Asset Management LLC now owns 468,382 shares of the company's stock valued at $5,115,000 after buying an additional 187,661 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of Bowen Acquisition during the fourth quarter valued at approximately $1,368,000. Yakira Capital Management Inc. bought a new position in shares of Bowen Acquisition during the fourth quarter valued at approximately $923,000. Finally, Virtu Financial LLC bought a new position in shares of Bowen Acquisition during the fourth quarter valued at approximately $798,000. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Harraden Circle Investments, L sold 10,466 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $22.74, for a total value of $237,996.84. Following the transaction, the insider now owns 539,534 shares of the company's stock, valued at $12,269,003.16. This represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Bowen Acquisition Trading Up 2.4 %

Shares of BOWN traded up $0.22 during mid-day trading on Wednesday, reaching $9.52. 6,536 shares of the company's stock traded hands, compared to its average volume of 69,405. The stock's 50-day moving average is $6.71 and its two-hundred day moving average is $8.35. Bowen Acquisition Corp has a 12 month low of $2.71 and a 12 month high of $19.77.

Bowen Acquisition Company Profile