Glazer Capital LLC Lowers Stock Position in Nova Vision Acquisition Co. (NASDAQ:NOVV)

Glazer Capital LLC trimmed its holdings in shares of Nova Vision Acquisition Co. (NASDAQ:NOVV) by 10.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,781 shares of the company’s stock after selling 8,695 shares during the period. Glazer Capital LLC owned about 2.31% of Nova Vision Acquisition worth $928,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NOVV. Wolverine Asset Management LLC purchased a new position in Nova Vision Acquisition in the second quarter worth $1,738,000. Berkley W R Corp grew its stake in shares of Nova Vision Acquisition by 225.2% during the 1st quarter. Berkley W R Corp now owns 183,284 shares of the company’s stock worth $2,133,000 after purchasing an additional 126,926 shares during the period. Finally, Warberg Asset Management LLC purchased a new position in shares of Nova Vision Acquisition in the 2nd quarter valued at about $493,000. 37.44% of the stock is owned by institutional investors and hedge funds.

Nova Vision Acquisition Price Performance

Shares of NASDAQ NOVV opened at $37.00 on Tuesday. The firm has a 50-day moving average price of $15.77 and a 200 day moving average price of $13.23. Nova Vision Acquisition Co. has a 52 week low of $11.10 and a 52 week high of $55.28. The stock has a market capitalization of $122.77 million, a price-to-earnings ratio of 1,850.01 and a beta of -0.01.

Nova Vision Acquisition (NASDAQ:NOVV) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.02 earnings per share for the quarter.

Nova Vision Acquisition Company Profile

Nova Vision Acquisition Corporation does not have significant operations. The company intends to effect into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It focuses on sourcing opportunities that are in the PropTech, FinTech, ConsumerTech, supply chain management industries, or technology companies that serve these or other sectors.