Crossingbridge Advisors LLC purchased a new position in AlphaVest Acquisition Corp (NASDAQ:ATMV – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 276,994 shares of the company’s stock, valued at approximately $3,087,000. AlphaVest Acquisition accounts for about 2.4% of Crossingbridge Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Crossingbridge Advisors LLC owned approximately 3.95% of AlphaVest Acquisition at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Mizuho Securities USA LLC raised its stake in shares of AlphaVest Acquisition by 108.7% in the third quarter. Mizuho Securities USA LLC now owns 560,368 shares of the company’s stock valued at $6,220,000 after buying an additional 291,908 shares during the period. Cowen AND Company LLC increased its holdings in AlphaVest Acquisition by 68.8% in the 2nd quarter. Cowen AND Company LLC now owns 278,202 shares of the company’s stock worth $3,069,000 after acquiring an additional 113,410 shares during the last quarter. Finally, Spartan Fund Management Inc. bought a new stake in AlphaVest Acquisition in the 3rd quarter valued at about $546,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.
AlphaVest Acquisition Stock Performance
Shares of NASDAQ:ATMV opened at $11.25 on Tuesday. The company has a 50-day moving average price of $11.19 and a two-hundred day moving average price of $11.11. AlphaVest Acquisition Corp has a twelve month low of $10.64 and a twelve month high of $11.25.
AlphaVest Acquisition Profile
AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.
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