Highbridge Capital Management LLC Buys Shares of 884,351 A Paradise Acquisition Corp. $APAD

Highbridge Capital Management LLC bought a new stake in A Paradise Acquisition Corp. (NASDAQ:APAD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 884,351 shares of the company’s stock, valued at approximately $8,888,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC acquired a new position in A Paradise Acquisition in the 4th quarter valued at about $263,000. Wealthspring Capital LLC acquired a new position in A Paradise Acquisition in the 4th quarter valued at about $6,911,000. Finally, Wolverine Asset Management LLC boosted its holdings in A Paradise Acquisition by 23.9% in the 4th quarter. Wolverine Asset Management LLC now owns 719,819 shares of the company’s stock valued at $7,234,000 after purchasing an additional 138,819 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, A Paradise Acquisition currently has an average rating of “Sell”.

A Paradise Acquisition Stock Performance

A Paradise Acquisition stock opened at $8.03 on Friday. The company has a 50 day moving average of $9.29. A Paradise Acquisition Corp. has a 1 year low of $7.50 and a 1 year high of $14.00.

A Paradise Acquisition (NASDAQ:APAD) last released its quarterly earnings results on Monday, May 4th. The company reported $0.08 earnings per share (EPS) for the quarter.

About A Paradise Acquisition

A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.

Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.