Corsair Capital Management L.P. Acquires Shares of 578,700 Owlet, Inc. (NYSE:OWLT)

Corsair Capital Management L.P. bought a new position in Owlet, Inc. (NYSE:OWLT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 578,700 shares of the company’s stock, valued at approximately $2,598,000. Owlet makes up about 0.6% of Corsair Capital Management L.P.’s holdings, making the stock its 24th biggest holding. Corsair Capital Management L.P. owned approximately 3.79% of Owlet at the end of the most recent reporting period.

Separately, Rosalind Advisors Inc. bought a new stake in shares of Owlet in the 3rd quarter worth about $1,212,000. 72.60% of the stock is currently owned by hedge funds and other institutional investors.

Owlet Stock Performance

Shares of OWLT stock opened at $4.67 on Wednesday. The stock’s 50 day simple moving average is $4.75 and its two-hundred day simple moving average is $4.42. Owlet, Inc. has a 1 year low of $3.20 and a 1 year high of $7.50.

Owlet Profile

Owlet, Inc provides digital parenting solutions in the United States and internationally. The company's platform focuses on giving real-time data and insights to parents. It offers Dream Sock, a wearable infant health monitor equipped with pulse oximetry technology to track vitals signs, such as pulse rate, oxygen, activity, and sleep patterns; BabySat which is intended for infants with heightened health risk; Owlet Cam, a monitoring device in smartphones that offers video and audio, predictive sleep insights, and cry detections; and accessories, including Owlet Sleeper, as well as Duo and Dream Duo that combines Smart Sock with the Owlet Cam.