Shaolin Capital Management LLC purchased a new stake in East Stone Acquisition Co. (NASDAQ:ESSC) during the 2nd quarter, HoldingsChannel reports. The fund purchased 600,000 shares of the company’s stock, valued at approximately $6,054,000.
A number of other hedge funds also recently made changes to their positions in the stock. UBS Group AG boosted its stake in East Stone Acquisition by 77.1% in the 1st quarter. UBS Group AG now owns 3,906 shares of the company’s stock valued at $39,000 after buying an additional 1,700 shares in the last quarter. Geode Capital Management LLC acquired a new position in East Stone Acquisition in the second quarter worth $105,000. Morgan Stanley boosted its stake in East Stone Acquisition by 162.5% in the first quarter. Morgan Stanley now owns 20,200 shares of the company’s stock worth $202,000 after purchasing an additional 12,504 shares in the last quarter. OLD Mission Capital LLC acquired a new position in East Stone Acquisition in the third quarter worth $138,000. Finally, Vivaldi Asset Management LLC acquired a new position in East Stone Acquisition in the first quarter worth $261,000. 61.71% of the stock is currently owned by institutional investors and hedge funds.
East Stone Acquisition stock remained flat at $$10.20 on Thursday. The company’s stock had a trading volume of 3,818 shares, compared to its average volume of 35,230. The company’s fifty day moving average is $10.17 and its two-hundred day moving average is $10.09. East Stone Acquisition Co. has a one year low of $9.21 and a one year high of $10.59.
East Stone Acquisition Corporation does not have significant operations. It focuses on providing technological services to the financial industry in North America and the Asia-Pacific. The company was founded in 2018 and is based in Burlington, Massachusetts.
See Also: What is the Quick Ratio?
Want to see what other hedge funds are holding ESSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for East Stone Acquisition Co. (NASDAQ:ESSC).
Receive News & Ratings for East Stone Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East Stone Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.