DLD Asset Management LP Sells 96,778 Shares of Digital Asset Acquisition Corp. $DAAQ

DLD Asset Management LP trimmed its holdings in shares of Digital Asset Acquisition Corp. (NASDAQ:DAAQ) by 76.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,621 shares of the company’s stock after selling 96,778 shares during the quarter. DLD Asset Management LP’s holdings in Digital Asset Acquisition were worth $303,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Cannon Global Investment Management LLC purchased a new position in Digital Asset Acquisition in the fourth quarter worth about $168,000. ABC Arbitrage SA bought a new stake in Digital Asset Acquisition during the fourth quarter worth approximately $254,000. Readystate Asset Management LP raised its position in Digital Asset Acquisition by 4.7% during the fourth quarter. Readystate Asset Management LP now owns 26,174 shares of the company’s stock valued at $267,000 after purchasing an additional 1,174 shares during the period. Virtu Financial LLC purchased a new stake in Digital Asset Acquisition during the fourth quarter valued at approximately $869,000. Finally, Lineage Point Capital LP bought a new stake in Digital Asset Acquisition in the fourth quarter worth $1,016,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Digital Asset Acquisition in a report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Digital Asset Acquisition presently has an average rating of “Sell”.

Digital Asset Acquisition Stock Performance

Shares of Digital Asset Acquisition stock opened at $10.39 on Thursday. The stock’s fifty day moving average price is $10.36 and its 200-day moving average price is $10.28. Digital Asset Acquisition Corp. has a 12 month low of $10.10 and a 12 month high of $10.65.

Digital Asset Acquisition (NASDAQ:DAAQ) last released its quarterly earnings data on Friday, May 15th. The company reported $0.05 earnings per share for the quarter.

Digital Asset Acquisition Company Profile

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.