Berkley W R Corp Buys 170,160 Shares of Cartica Acquisition Corp (NASDAQ:CITE)

Berkley W R Corp grew its stake in Cartica Acquisition Corp (NASDAQ:CITE - Free Report) by 98.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 342,727 shares of the company's stock after purchasing an additional 170,160 shares during the quarter. Berkley W R Corp owned approximately 4.28% of Cartica Acquisition worth $3,914,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CITE. Clear Street LLC boosted its position in shares of Cartica Acquisition by 25,004.2% during the second quarter. Clear Street LLC now owns 29,623 shares of the company's stock worth $335,000 after buying an additional 29,505 shares during the period. Wolverine Asset Management LLC grew its stake in shares of Cartica Acquisition by 42.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 212,958 shares of the company's stock worth $2,409,000 after purchasing an additional 63,092 shares during the last quarter. Finally, Cowen AND Company LLC bought a new stake in shares of Cartica Acquisition in the 2nd quarter worth approximately $2,673,000. Institutional investors and hedge funds own 42.21% of the company's stock.

Cartica Acquisition Trading Down 0.9 %

Cartica Acquisition stock traded down $0.11 during mid-day trading on Friday, hitting $11.54. The company's stock had a trading volume of 1,170 shares, compared to its average volume of 22,600. The stock's fifty day moving average price is $11.52 and its two-hundred day moving average price is $11.39. Cartica Acquisition Corp has a twelve month low of $10.79 and a twelve month high of $12.25.

About Cartica Acquisition

Cartica Acquisition Corp does not have any significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify and complete a business combination in the technology sector.