DLD Asset Management LP Purchases New Holdings in Evolution Global Acquisition Corp $EVOX

DLD Asset Management LP acquired a new stake in shares of Evolution Global Acquisition Corp (NASDAQ:EVOX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $996,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bulldog Investors LLP purchased a new position in shares of Evolution Global Acquisition in the 1st quarter valued at approximately $1,026,000. Lineage Point Capital LP purchased a new stake in shares of Evolution Global Acquisition during the fourth quarter worth approximately $7,797,000. Virtu Financial LLC acquired a new stake in shares of Evolution Global Acquisition during the fourth quarter worth $1,197,000. Toronto Dominion Bank acquired a new stake in shares of Evolution Global Acquisition during the fourth quarter worth $38,000. Finally, Saba Capital Management L.P. purchased a new position in Evolution Global Acquisition in the 4th quarter valued at $4,442,000.

Evolution Global Acquisition Stock Performance

NASDAQ EVOX opened at $10.05 on Thursday. The stock’s 50 day simple moving average is $10.03. Evolution Global Acquisition Corp has a 12-month low of $9.86 and a 12-month high of $10.09.

Evolution Global Acquisition (NASDAQ:EVOX) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.06 EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Evolution Global Acquisition Company Profile

Evolution Global Acquisition (NASDAQ:EVOX) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check company, its primary business purpose is to identify, negotiate and complete a business combination, merger or other acquisition that takes a target company public through the SPAC structure. The vehicle provides a means for investors to gain exposure to prospective private companies seeking public market access via a negotiated transaction with the sponsor.

SPACs like Evolution Global Acquisition typically raise capital in an initial public offering and hold funds in trust while they evaluate potential transaction opportunities.