K2 Principal Fund L.P. acquired a new stake in RF Acquisition Corp. (NASDAQ:RFAC – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 76,850 shares of the company’s stock, valued at approximately $777,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. RPO LLC acquired a new position in shares of RF Acquisition in the 4th quarter valued at about $176,000. OTA Financial Group L.P. increased its position in RF Acquisition by 7.7% in the 4th quarter. OTA Financial Group L.P. now owns 34,988 shares of the company’s stock valued at $353,000 after buying an additional 2,500 shares in the last quarter. Prelude Capital Management LLC bought a new stake in RF Acquisition in the 3rd quarter valued at about $579,000. Polar Asset Management Partners Inc. increased its position in RF Acquisition by 56.8% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 744,800 shares of the company’s stock valued at $7,351,000 after buying an additional 269,800 shares in the last quarter. Finally, Karpus Management Inc. increased its position in RF Acquisition by 117.3% in the 3rd quarter. Karpus Management Inc. now owns 88,825 shares of the company’s stock valued at $877,000 after buying an additional 47,950 shares in the last quarter. 77.16% of the stock is owned by institutional investors and hedge funds.
RF Acquisition Price Performance
RF Acquisition stock remained flat at $10.37 during midday trading on Friday. RF Acquisition Corp. has a 1 year low of $9.82 and a 1 year high of $10.91. The business has a 50 day moving average of $10.32 and a 200-day moving average of $10.20.
RF Acquisition Company Profile
RF Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in financial services, media, technology, retail, interpersonal communication, transportation, and education sectors.
- Get a free copy of the StockNews.com research report on RF Acquisition (RFAC)
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