Centurion Acquisition Corp. $ALF Shares Newly Acquired by Context Capital Management LLC

Context Capital Management LLC purchased a new position in Centurion Acquisition Corp. (NASDAQ:ALF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500,000 shares of the company’s stock, valued at approximately $5,410,000. Context Capital Management LLC owned approximately 4.12% of Centurion Acquisition at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Berkley W R Corp boosted its stake in Centurion Acquisition by 376.0% during the first quarter. Berkley W R Corp now owns 1,157,544 shares of the company’s stock worth $12,455,000 after buying an additional 914,380 shares during the last quarter. Sona Asset Management US LLC purchased a new stake in Centurion Acquisition in the 1st quarter valued at $1,092,000. Finally, Citadel Advisors LLC purchased a new stake in Centurion Acquisition in the 2nd quarter valued at $130,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised Centurion Acquisition from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Centurion Acquisition Stock Down 0.6%

Shares of ALF stock opened at $10.85 on Wednesday. The firm’s 50-day moving average is $10.84 and its two-hundred day moving average is $10.81. Centurion Acquisition Corp. has a 12 month low of $10.60 and a 12 month high of $10.99.

Centurion Acquisition Profile

Centurion Acquisition Corp. (NASDAQ: ALF) was a special purpose acquisition company (SPAC), also known as a blank-check company. Its primary purpose was to raise capital through a public offering and use the proceeds to pursue a merger, acquisition, or similar business combination with an operating company. Unlike an operating company, Centurion Acquisition did not have an established portfolio of products or services, manufacturing operations, or a defined customer base. Its activities centered on evaluating potential acquisition targets, negotiating a transaction, and completing the related regulatory and shareholder approval processes.