Longfellow Investment Management Co. LLC reduced its stake in shares of Pensare Acquisition Corp (NASDAQ:WRLS) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 774,401 shares of the technology company’s stock after selling 26,155 shares during the quarter. Pensare Acquisition comprises about 1.9% of Longfellow Investment Management Co. LLC’s investment portfolio, making the stock its 19th largest holding. Longfellow Investment Management Co. LLC owned 2.00% of Pensare Acquisition worth $7,713,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. City Financial Investment Co Ltd bought a new stake in shares of Pensare Acquisition during the second quarter valued at about $19,780,000. Mizuho Securities USA LLC bought a new stake in Pensare Acquisition in the third quarter worth about $5,441,000. Dakota Wealth Management bought a new stake in Pensare Acquisition in the second quarter worth about $1,736,000. Cowen Inc. bought a new stake in Pensare Acquisition in the second quarter worth about $940,000. Finally, Millennium Management LLC bought a new stake in Pensare Acquisition in the first quarter worth about $162,000. Institutional investors and hedge funds own 59.42% of the company’s stock.
Shares of Pensare Acquisition stock opened at $10.09 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.24 and a current ratio of 0.24. Pensare Acquisition Corp has a 52 week low of $7.75 and a 52 week high of $10.17.
Pensare Acquisition Corp. does not have significant operations. It intends to enter into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities in the United States. It plans to focus on businesses in the wireless telecommunications industry.
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