Crossingbridge Advisors LLC Makes New Investment in Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO)

Crossingbridge Advisors LLC acquired a new position in shares of Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 219,296 shares of the company's stock, valued at approximately $2,546,000. Patria Latin American Opportunity Acquisition comprises approximately 2.0% of Crossingbridge Advisors LLC's portfolio, making the stock its 19th biggest holding. Crossingbridge Advisors LLC owned approximately 2.13% of Patria Latin American Opportunity Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Spartan Fund Management Inc. bought a new stake in Patria Latin American Opportunity Acquisition during the third quarter valued at $49,000. Virtu Financial LLC acquired a new stake in Patria Latin American Opportunity Acquisition during the first quarter worth approximately $128,000. K2 Principal Fund L.P. bought a new stake in Patria Latin American Opportunity Acquisition in the second quarter worth approximately $1,374,000. Mizuho Securities USA LLC lifted its stake in Patria Latin American Opportunity Acquisition by 254.1% in the third quarter. Mizuho Securities USA LLC now owns 363,302 shares of the company's stock valued at $4,196,000 after buying an additional 260,697 shares during the period. Finally, Wolverine Asset Management LLC boosted its holdings in shares of Patria Latin American Opportunity Acquisition by 35.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 405,308 shares of the company's stock worth $4,706,000 after buying an additional 106,301 shares in the last quarter. 72.25% of the stock is owned by institutional investors and hedge funds.

Patria Latin American Opportunity Acquisition Price Performance

Shares of NASDAQ:PLAO remained flat at $11.63 during mid-day trading on Tuesday. 1,500 shares of the stock traded hands, compared to its average volume of 85,934. Patria Latin American Opportunity Acquisition Corp. has a 12 month low of $11.03 and a 12 month high of $12.06. The company has a 50 day moving average of $11.61 and a two-hundred day moving average of $11.53.

Patria Latin American Opportunity Acquisition Profile

Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the healthcare, food and beverage, logistics, agribusiness, education, and financial services sectors primarily in Latin America.