Context Capital Management LLC Makes New Investment in Kochav Defense Acquisition Corp. $KCHV

Context Capital Management LLC purchased a new stake in Kochav Defense Acquisition Corp. (NASDAQ:KCHV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 350,000 shares of the company’s stock, valued at approximately $3,666,000. Context Capital Management LLC owned 1.02% of Kochav Defense Acquisition at the end of the most recent quarter.

Separately, Sona Asset Management US LLC acquired a new position in shares of Kochav Defense Acquisition during the first quarter worth approximately $1,795,000.

Kochav Defense Acquisition Trading Down 0.1%

Shares of Kochav Defense Acquisition stock opened at $10.54 on Wednesday. The business’s fifty day simple moving average is $10.48 and its 200 day simple moving average is $10.37. Kochav Defense Acquisition Corp. has a 12 month low of $10.11 and a 12 month high of $10.56.

Kochav Defense Acquisition (NASDAQ:KCHV) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.06 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Kochav Defense Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Kochav Defense Acquisition has an average rating of “Sell”.

About Kochav Defense Acquisition

Kochav Defense Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Unlike an established operating business, the company does not appear to have significant commercial products, services or independent revenue-generating operations of its own. The company’s stated focus is on pursuing opportunities in the defense, aerospace, security and related technology sectors. Its future activities and geographic presence would depend on the business it ultimately acquires or combines with.