Karpus Management Inc. Raises Stock Holdings in 99 Acquisition Group Inc. (NASDAQ:NNAG)

Karpus Management Inc. grew its stake in shares of 99 Acquisition Group Inc. (NASDAQ:NNAG) by 22.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,298 shares of the company’s stock after acquiring an additional 45,498 shares during the quarter. Karpus Management Inc. owned about 2.36% of 99 Acquisition Group worth $2,537,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NNAG. Firethorn Wealth Partners LLC bought a new stake in shares of 99 Acquisition Group in the fourth quarter worth $118,000. Condor Capital Management bought a new stake in shares of 99 Acquisition Group during the 4th quarter valued at about $311,000. Evercore Wealth Management LLC purchased a new stake in shares of 99 Acquisition Group during the 4th quarter valued at about $318,000. Cohanzick Management LLC bought a new position in shares of 99 Acquisition Group in the 4th quarter worth approximately $380,000. Finally, Context Capital Management LLC bought a new position in shares of 99 Acquisition Group in the 4th quarter worth approximately $382,000. 55.07% of the stock is currently owned by institutional investors.

99 Acquisition Group Stock Performance

NASDAQ NNAG traded down $0.02 during trading hours on Thursday, hitting $10.54. 1,624 shares of the company’s stock traded hands, compared to its average volume of 31,503. 99 Acquisition Group Inc. has a 52 week low of $10.08 and a 52 week high of $11.42. The business’s fifty day moving average price is $10.49 and its two-hundred day moving average price is $10.37.

99 Acquisition Group Company Profile

99 Acquisition Group Inc does not have significant operation. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space.