Wealthspring Capital LLC Has $2.87 Million Stake in 99 Acquisition Group Inc. (NASDAQ:NNAG)

Wealthspring Capital LLC trimmed its position in shares of 99 Acquisition Group Inc. (NASDAQ:NNAG) by 5.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,467 shares of the company’s stock after selling 14,603 shares during the quarter. 99 Acquisition Group makes up about 3.4% of Wealthspring Capital LLC’s investment portfolio, making the stock its 12th largest holding. Wealthspring Capital LLC owned approximately 2.66% of 99 Acquisition Group worth $2,868,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NNAG. Firethorn Wealth Partners LLC acquired a new stake in shares of 99 Acquisition Group during the 4th quarter valued at about $118,000. Condor Capital Management acquired a new stake in 99 Acquisition Group in the 4th quarter worth approximately $311,000. Evercore Wealth Management LLC acquired a new stake in 99 Acquisition Group in the 4th quarter worth approximately $318,000. Cohanzick Management LLC acquired a new stake in 99 Acquisition Group in the 4th quarter worth approximately $380,000. Finally, Context Capital Management LLC acquired a new stake in 99 Acquisition Group in the 4th quarter worth approximately $382,000. 55.07% of the stock is currently owned by institutional investors and hedge funds.

99 Acquisition Group Stock Performance

NNAG opened at $10.50 on Monday. The business has a 50 day moving average price of $10.45 and a 200 day moving average price of $10.32. 99 Acquisition Group Inc. has a twelve month low of $10.08 and a twelve month high of $11.42.

99 Acquisition Group Profile

99 Acquisition Group Inc does not have significant operation. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space.