Cowen Inc. Invests $2.71 Million in Easterly Acquisition Corp. (EACQ) Stock
Cowen Inc. acquired a new stake in Easterly Acquisition Corp. (NASDAQ:EACQ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 269,600 shares of the company’s stock, valued at approximately $2,709,000. Cowen Inc. owned 4.21% of Easterly Acquisition Corp. at the end of the most recent reporting period.
In related news, major shareholder Polar Asset Management Partner sold 2,000,000 shares of Easterly Acquisition Corp. stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $10.00, for a total value of $20,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.00% of the stock is currently owned by insiders.
Easterly Acquisition Corp. (NASDAQ EACQ) remained flat at $10.05 on Monday. 5,399 shares of the stock were exchanged. Easterly Acquisition Corp. has a 1-year low of $9.25 and a 1-year high of $11.85. The firm’s market cap is $64.61 million. The firm has a 50-day moving average price of $10.02 and a 200 day moving average price of $9.99.
Easterly Acquisition Corp. Company Profile
Easterly Acquisition Corp. is a blank check company. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a target business will not be limited to a particular industry or geographic region, although it seeks to focus on companies operating in the financial services industry.
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