Kingstown Capital Management L.P. purchased a new stake in Colicity Inc. (OTCMKTS:COLIU) during the 1st quarter, HoldingsChannel reports. The fund purchased 400,000 shares of the company’s stock, valued at approximately $4,040,000. Colicity makes up approximately 1.4% of Kingstown Capital Management L.P.’s holdings, making the stock its 17th largest position.
Other hedge funds also recently made changes to their positions in the company. Rivernorth Capital Management LLC acquired a new stake in Colicity in the 1st quarter valued at $101,000. Janus Henderson Group PLC bought a new position in Colicity in the 1st quarter valued at $101,000. Royal Bank of Canada bought a new position in Colicity in the 1st quarter valued at $105,000. New York Life Investments Alternatives bought a new position in Colicity in the 1st quarter valued at $145,000. Finally, Clear Harbor Asset Management LLC bought a new position in Colicity in the 1st quarter valued at $145,000.
COLIU traded down $0.07 during trading on Thursday, hitting $9.97. The company’s stock had a trading volume of 106,609 shares, compared to its average volume of 155,559. The company’s 50 day moving average price is $10.03. Colicity Inc. has a 12 month low of $9.82 and a 12 month high of $10.90.
Colicity Inc is a Special Purpose Acquisition Company. It was incorporated in 2020 and is based in Kirkland, Washington.
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