Governors Lane LP Raises Stock Position in Plum Acquisition Corp. IV $PLMK

Governors Lane LP lifted its holdings in Plum Acquisition Corp. IV (NASDAQ:PLMK) by 133.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 700,000 shares of the company’s stock after purchasing an additional 399,900 shares during the period. Governors Lane LP owned about 2.89% of Plum Acquisition Corp. IV worth $7,315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new position in Plum Acquisition Corp. IV during the fourth quarter valued at $157,000. Crossingbridge Advisors LLC bought a new stake in Plum Acquisition Corp. IV during the 4th quarter worth approximately $262,000. Moore Capital Management LP purchased a new position in Plum Acquisition Corp. IV during the second quarter valued at approximately $772,000. BCK Capital Management LP lifted its holdings in Plum Acquisition Corp. IV by 3.3% during the third quarter. BCK Capital Management LP now owns 103,313 shares of the company’s stock valued at $1,066,000 after purchasing an additional 3,313 shares in the last quarter. Finally, Radcliffe Capital Management L.P. bought a new position in shares of Plum Acquisition Corp. IV in the second quarter worth approximately $3,201,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Plum Acquisition Corp. IV Trading Up 0.1%

Plum Acquisition Corp. IV stock opened at $10.66 on Thursday. Plum Acquisition Corp. IV has a 1 year low of $10.25 and a 1 year high of $10.84. The firm’s 50 day moving average price is $10.61 and its 200-day moving average price is $10.53.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.05 earnings per share for the quarter.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.