Bulldog Investors LLC Boosts Stake in Pensare Acquisition Corp (WRLS)

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Bulldog Investors LLC grew its stake in shares of Pensare Acquisition Corp (NASDAQ:WRLS) by 11.9% in the third quarter, HoldingsChannel.com reports. The fund owned 232,491 shares of the technology company’s stock after purchasing an additional 24,750 shares during the period. Bulldog Investors LLC’s holdings in Pensare Acquisition were worth $2,316,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Highland Capital Management LP acquired a new stake in shares of Pensare Acquisition during the 3rd quarter valued at approximately $747,000. Mizuho Securities USA LLC acquired a new stake in shares of Pensare Acquisition during the 3rd quarter valued at approximately $5,441,000. Cowen Inc. acquired a new stake in shares of Pensare Acquisition during the 2nd quarter valued at approximately $940,000. City Financial Investment Co Ltd acquired a new stake in shares of Pensare Acquisition during the 2nd quarter valued at approximately $19,780,000. Finally, Dakota Wealth Management acquired a new stake in shares of Pensare Acquisition during the 2nd quarter valued at approximately $1,736,000. Institutional investors own 59.42% of the company’s stock.

WRLS stock opened at $10.08 on Wednesday. Pensare Acquisition Corp has a 12-month low of $7.75 and a 12-month high of $10.17. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.20.

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Pensare Acquisition Profile

Pensare Acquisition Corp. does not have significant operations. It intends to enter into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities in the United States. It plans to focus on businesses in the wireless telecommunications industry.

Further Reading: Market Capitalization

Want to see what other hedge funds are holding WRLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pensare Acquisition Corp (NASDAQ:WRLS).

Institutional Ownership by Quarter for Pensare Acquisition (NASDAQ:WRLS)

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