Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) Trading Up 0.4% – Time to Buy?

Investcorp Europe Acquisition Corp I (NASDAQ:IVCB)’s share price was up 0.4% on Wednesday . The stock traded as high as $11.59 and last traded at $11.59. Approximately 4,087 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 162,573 shares. The stock had previously closed at $11.54.

Investcorp Europe Acquisition Corp I Price Performance

The company’s 50 day simple moving average is $11.57 and its two-hundred day simple moving average is $11.56.

Investcorp Europe Acquisition Corp I Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a $0.60 dividend. The ex-dividend date was Monday, November 4th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Shaolin Capital Management LLC increased its stake in Investcorp Europe Acquisition Corp I by 75.2% in the 2nd quarter. Shaolin Capital Management LLC now owns 350,456 shares of the company’s stock valued at $3,978,000 after buying an additional 150,456 shares during the period. Wolverine Asset Management LLC increased its stake in shares of Investcorp Europe Acquisition Corp I by 3.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 249,736 shares of the company’s stock worth $2,944,000 after purchasing an additional 9,002 shares during the last quarter. Bluefin Capital Management LLC acquired a new position in shares of Investcorp Europe Acquisition Corp I during the 2nd quarter worth $2,270,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of Investcorp Europe Acquisition Corp I during the 2nd quarter worth $1,850,000. Institutional investors and hedge funds own 66.10% of the company’s stock.

Investcorp Europe Acquisition Corp I Company Profile

Investcorp Europe Acquisition Corp I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets in the business services, consumer and lifestyle, niche manufacturing, and technology sectors.