MYDA Advisors LLC Buys Shares of 71,203 Starboard Value Acquisition Corp. $SVAC

MYDA Advisors LLC bought a new stake in Starboard Value Acquisition Corp. (NASDAQ:SVAC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 71,203 shares of the company’s stock, valued at approximately $723,000. MYDA Advisors LLC owned 0.14% of Starboard Value Acquisition as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SVAC. Clear Street Group Inc. bought a new stake in shares of Starboard Value Acquisition during the 4th quarter worth approximately $73,000. HighTower Advisors LLC acquired a new stake in shares of Starboard Value Acquisition in the 4th quarter valued at $684,000. Gritstone Asset Management LLC acquired a new stake in shares of Starboard Value Acquisition in the 4th quarter valued at $1,015,000. DLD Asset Management LP acquired a new stake in shares of Starboard Value Acquisition in the 4th quarter valued at $1,041,000. Finally, Glazer Capital LLC acquired a new stake in shares of Starboard Value Acquisition in the 4th quarter valued at $1,311,000.

Starboard Value Acquisition Price Performance

Shares of SVAC stock opened at $10.33 on Monday. The stock’s fifty day moving average price is $10.42 and its two-hundred day moving average price is $10.39. Starboard Value Acquisition Corp. has a fifty-two week low of $10.03 and a fifty-two week high of $12.00.

Starboard Value Acquisition (NASDAQ:SVAC) last issued its earnings results on Thursday, May 14th. The company reported ($13.80) earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Starboard Value Acquisition currently has an average rating of “Sell”.

Starboard Value Acquisition Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.