Periscope Capital Inc. acquired a new stake in Translational Development Acquisition Corp. (NASDAQ:TDACU – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 200,000 shares of the company’s stock, valued at approximately $3,688,000. Translational Development Acquisition makes up approximately 2.2% of Periscope Capital Inc.’s portfolio, making the stock its 12th biggest holding.
Other institutional investors also recently modified their holdings of the company. Tuttle Capital Management LLC acquired a new position in shares of Translational Development Acquisition during the fourth quarter valued at $461,000. Wealthspring Capital LLC acquired a new position in Translational Development Acquisition during the 4th quarter valued at about $1,095,000. Schechter Investment Advisors LLC bought a new position in shares of Translational Development Acquisition in the 4th quarter valued at about $2,778,000. Picton Mahoney Asset Management acquired a new stake in shares of Translational Development Acquisition during the 4th quarter worth approximately $4,610,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Translational Development Acquisition during the 4th quarter worth approximately $5,716,000.
Translational Development Acquisition Stock Performance
Shares of NASDAQ TDACU opened at $10.14 on Monday. Translational Development Acquisition Corp. has a fifty-two week low of $10.00 and a fifty-two week high of $10.30. The firm has a 50 day simple moving average of $10.08.
Translational Development Acquisition Profile
Trident Acquisitions Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector.
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