Sage Rock Capital Management LP recently announced the acquisition of new stake in Captivision Inc (NASDAQ:CAPT). The institutional investor has increased its shareholding in the Basic Materials company by 77.03% to 0.41 million shares with purchase of 0.18 million shares. This fresh investment now brings its stake to 1.42% valued currently at $1.53 million. In addition, Flow State Investments LP raised its holdings by 0.29 million to 0.29 million shares.
With over 0.45 million Captivision Inc (CAPT) shares trading Friday and a closing price of $4.64 on the day, the dollar volume was approximately $2.07 million. The shares have shown a negative half year performance of -56.23% and its price on 01/12/24 gained nearly 21.78%. Currently, there are 23.00M common shares owned by the public and among those 16.65M shares have been available to trade.
The top 3 mutual fund holders in Captivision Inc are First Trust Merger Arbitrage Fund, Merger Fund, and Picton Mahoney Fortified Arbitrag. First Trust Merger Arbitrage Fund owns 1.12 million shares of the company’s stock, all valued at over $4.16 million. Merger Fund sold -0.85 million shares to see its total holdings shrink to 0.54 million shares valued at over $2.02 million and representing 1.89% of the shares outstanding. Picton Mahoney Fortified Arbitrag bought 0.3 million shares to bring its total holdings to over 0.39 million shares at a value of $1.45 million. Picton Mahoney Fortified Arbitrag now owns shares totaling to 1.35% of the shares outstanding.
Shares of Captivision Inc (NASDAQ: CAPT) opened at $3.86, up $0.05 from a prior closing price of $3.81. However, the script later moved the day high at 4.7700, up 21.78%. The company’s stock has a 5-day price change of 28.53% and -20.27% over the past three months. CAPT shares are trading 24.73% year to date (YTD), with the 12-month market performance down to -54.64% lower. It has a 12-month low price of $1.15 and touched a high of $12.00 over the same period. CAPT has an average intraday trading volume of 1.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 31.80%, 16.17%, and -44.10% respectively.
Institutional ownership of Captivision Inc (NASDAQ: CAPT) shares accounts for 27.99% of the company’s 23.00M shares outstanding. Mutual fund holders own 11.05%, while other institutional holders and individual stakeholders account for 8.63% and — respectively.
It has a market capitalization of $133.72M and a beta (3y monthly) value of 0.23. The stock’s trailing 12-month PE ratio is 25.38, while the earnings-per-share (ttm) stands at $0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.55% over the week and 6.09% over the month.
