Harraden Circle Investments LLC Makes New $657,000 Investment in Gores Holdings X, Inc. / CI $GTEN

Harraden Circle Investments LLC bought a new position in Gores Holdings X, Inc. / CI (NASDAQ:GTEN) in the 2nd quarter, HoldingsChannel reports. The fund bought 63,000 shares of the company’s stock, valued at approximately $657,000.

A number of other institutional investors have also made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Gores Holdings X, Inc. / CI during the 4th quarter valued at approximately $270,000. Sandia Investment Management LP boosted its holdings in Gores Holdings X, Inc. / CI by 23.0% in the fourth quarter. Sandia Investment Management LP now owns 61,632 shares of the company’s stock worth $632,000 after purchasing an additional 11,506 shares during the period. Quarry LP increased its stake in Gores Holdings X, Inc. / CI by 23.0% during the fourth quarter. Quarry LP now owns 61,632 shares of the company’s stock valued at $632,000 after purchasing an additional 11,506 shares during the last quarter. DLD Asset Management LP bought a new stake in Gores Holdings X, Inc. / CI during the fourth quarter valued at $1,594,000. Finally, Sona Asset Management US LLC acquired a new stake in shares of Gores Holdings X, Inc. / CI during the first quarter worth $1,631,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Gores Holdings X, Inc. / CI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Gores Holdings X, Inc. / CI Trading Down 0.4%

Shares of NASDAQ GTEN opened at $10.63 on Friday. Gores Holdings X, Inc. / CI has a 12-month low of $10.15 and a 12-month high of $10.99. The company has a market cap of $479.43 million, a price-to-earnings ratio of 75.96 and a beta of 0.11. The stock’s 50 day simple moving average is $10.54 and its 200 day simple moving average is $10.40.

Gores Holdings X, Inc. / CI Profile

Gores Holdings X, Inc (NASDAQ: GTEN) is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank‑check company, GTEN’s principal activity is to identify, evaluate and complete a merger, asset acquisition, stock purchase, reorganization or similar business combination that would result in a publicly traded combined company.

Prior to completing a business combination, Gores Holdings X does not operate commercial businesses; its operations typically consist of raising capital through an initial public offering, maintaining funds in a trust account, and conducting diligence and negotiations with potential targets.