164,290 Pioneer Acquisition I Corp. $PACH Shares Sold by Wealthspring Capital LLC

Wealthspring Capital LLC lowered its stake in shares of Pioneer Acquisition I Corp. (NASDAQ:PACH) by 21.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 611,968 shares of the company’s stock after selling 164,290 shares during the period. Pioneer Acquisition I comprises approximately 1.4% of Wealthspring Capital LLC’s investment portfolio, making the stock its 18th biggest holding. Wealthspring Capital LLC’s holdings in Pioneer Acquisition I were worth $6,346,000 as of its most recent SEC filing.

Separately, Deltec Asset Management LLC purchased a new stake in shares of Pioneer Acquisition I during the 3rd quarter worth approximately $104,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Pioneer Acquisition I from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Pioneer Acquisition I presently has a consensus rating of “Sell”.

Pioneer Acquisition I Stock Performance

Shares of Pioneer Acquisition I stock opened at $10.40 on Monday. Pioneer Acquisition I Corp. has a 52-week low of $10.05 and a 52-week high of $10.41. The stock’s 50-day simple moving average is $10.36 and its 200 day simple moving average is $10.24.

Pioneer Acquisition I (NASDAQ:PACH) last released its quarterly earnings data on Friday, August 14th. The company reported $0.07 EPS for the quarter.

Pioneer Acquisition I Company Profile

Pioneer Acquisition I Corp. is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more operating companies. Rather than conducting ongoing commercial operations, the company’s principal activity is evaluating potential merger, acquisition, or similar transactions.

As a blank-check company, Pioneer Acquisition I does not have a portfolio of proprietary products or services, and its business depends on locating a suitable target and obtaining the required approval from shareholders and other stakeholders.