Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) Trading Up 0.4% – Time to Buy?

Investcorp Europe Acquisition Corp I (NASDAQ:IVCB)’s share price traded up 0.4% during mid-day trading on Wednesday . The stock traded as high as $11.59 and last traded at $11.59. 4,087 shares changed hands during trading, a decline of 97% from the average session volume of 162,573 shares. The stock had previously closed at $11.54.

Investcorp Europe Acquisition Corp I Trading Up 0.4 %

The business’s 50-day moving average is $11.57 and its 200-day moving average is $11.56.

Investcorp Europe Acquisition Corp I Announces Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, November 4th.

Institutional Trading of Investcorp Europe Acquisition Corp I

A number of hedge funds have recently modified their holdings of the stock. K2 Principal Fund L.P. purchased a new position in Investcorp Europe Acquisition Corp I during the second quarter valued at approximately $1,850,000. Bluefin Capital Management LLC acquired a new stake in shares of Investcorp Europe Acquisition Corp I during the 2nd quarter worth approximately $2,270,000. Wolverine Asset Management LLC increased its holdings in shares of Investcorp Europe Acquisition Corp I by 3.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 249,736 shares of the company’s stock valued at $2,944,000 after purchasing an additional 9,002 shares in the last quarter. Finally, Shaolin Capital Management LLC lifted its stake in shares of Investcorp Europe Acquisition Corp I by 75.2% in the 2nd quarter. Shaolin Capital Management LLC now owns 350,456 shares of the company’s stock valued at $3,978,000 after purchasing an additional 150,456 shares during the period. Hedge funds and other institutional investors own 66.10% of the company’s stock.

About Investcorp Europe Acquisition Corp I

Investcorp Europe Acquisition Corp I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets in the business services, consumer and lifestyle, niche manufacturing, and technology sectors.