Wealthspring Capital LLC Trims Stake in Cayson Acquisition Corp $CAPN

Wealthspring Capital LLC trimmed its stake in shares of Cayson Acquisition Corp (NASDAQ:CAPN) by 65.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,550 shares of the company’s stock after selling 113,250 shares during the quarter. Wealthspring Capital LLC owned about 0.76% of Cayson Acquisition worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Clear Street LLC purchased a new stake in shares of Cayson Acquisition during the 2nd quarter worth approximately $125,000. Radcliffe Capital Management L.P. acquired a new position in shares of Cayson Acquisition during the 2nd quarter worth $280,000. Karpus Management Inc. boosted its position in shares of Cayson Acquisition by 10.6% in the 2nd quarter. Karpus Management Inc. now owns 292,508 shares of the company’s stock worth $3,007,000 after buying an additional 28,102 shares in the last quarter. Wolverine Asset Management LLC grew its stake in Cayson Acquisition by 10.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 571,280 shares of the company’s stock valued at $5,896,000 after acquiring an additional 56,173 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in Cayson Acquisition in the 2nd quarter valued at about $772,000.

Cayson Acquisition Price Performance

NASDAQ:CAPN opened at $10.63 on Wednesday. Cayson Acquisition Corp has a 1-year low of $10.01 and a 1-year high of $11.44. The business’s fifty day moving average price is $10.55 and its 200 day moving average price is $10.44.

Cayson Acquisition (NASDAQ:CAPN) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.05 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cayson Acquisition in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Cayson Acquisition Company Profile

Cayson Acquisition Corp. is a Cayman Islands–incorporated blank check company formed in early 2021 to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021 and is listed on the Nasdaq under the ticker symbol CAPN. As a special purpose acquisition company, Cayson Acquisition currently holds its capital in a trust account pending the execution of a qualifying transaction.

The company’s management team is focused on identifying high-growth opportunities across a range of industries, including technology, healthcare, consumer products and business services.