Mangrove Partners IM LLC Buys Shares of 221,478 Galata Acquisition Corp. II $LATA

Mangrove Partners IM LLC bought a new stake in Galata Acquisition Corp. II (NASDAQ:LATA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 221,478 shares of the company’s stock, valued at approximately $2,206,000.

Other hedge funds have also recently bought and sold shares of the company. Condor Capital Management acquired a new stake in shares of Galata Acquisition Corp. II in the 4th quarter valued at approximately $140,000. Deltec Asset Management LLC acquired a new stake in shares of Galata Acquisition Corp. II in the 4th quarter valued at approximately $149,000. ABC Arbitrage SA acquired a new stake in shares of Galata Acquisition Corp. II in the 4th quarter valued at approximately $199,000. Wolverine Asset Management LLC acquired a new stake in shares of Galata Acquisition Corp. II in the 4th quarter valued at approximately $322,000. Finally, K2 Principal Fund L.P. acquired a new stake in shares of Galata Acquisition Corp. II in the 4th quarter valued at approximately $996,000.

Galata Acquisition Corp. II Stock Performance

Shares of LATA stock opened at $10.10 on Wednesday. Galata Acquisition Corp. II has a twelve month low of $9.91 and a twelve month high of $10.20. The stock’s fifty day moving average price is $10.05.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Galata Acquisition Corp. II in a research note on Tuesday, May 26th. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Galata Acquisition Corp. II Company Profile

Galata Acquisition Corp. II (NASDAQ: LATA) is a special purpose acquisition company (SPAC), also known as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations with one or more businesses. As a publicly traded acquisition vehicle, the company raises capital through an initial public offering and holds proceeds in trust while seeking an operating company to combine with and take public through the SPAC structure.

The firm’s primary activities are identifying and evaluating potential targets, negotiating definitive agreements for business combinations, and completing the required shareholder approvals and regulatory filings to consummate transactions.