Lafayette Acquisition (NASDAQ:LAFA) Releases Earnings Results

Lafayette Acquisition (NASDAQ:LAFA) released its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

Lafayette Acquisition Stock Performance

Shares of LAFA stock remained flat at $10.01 during trading on Friday. The firm’s 50 day moving average is $9.99. Lafayette Acquisition has a 52 week low of $9.87 and a 52 week high of $10.20.

Institutional Trading of Lafayette Acquisition

Institutional investors have recently modified their holdings of the business. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Lafayette Acquisition during the 4th quarter valued at approximately $248,000. Moore Capital Management LP purchased a new stake in shares of Lafayette Acquisition during the 4th quarter valued at approximately $990,000. Clear Street Group Inc. purchased a new stake in shares of Lafayette Acquisition during the 4th quarter valued at approximately $1,273,000. Berkley W R Corp purchased a new stake in shares of Lafayette Acquisition during the 4th quarter valued at approximately $1,473,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in shares of Lafayette Acquisition during the 4th quarter valued at approximately $1,980,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Lafayette Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

About Lafayette Acquisition

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank‑check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.

The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.