Marblegate Acquisition (NASDAQ:GATE) Trading 0.2% Higher – What’s Next?

Marblegate Acquisition Corp. (NASDAQ:GATE)’s stock price rose 0.2% on Thursday . The stock traded as high as $11.08 and last traded at $11.08. Approximately 603 shares were traded during trading, a decline of 72% from the average daily volume of 2,169 shares. The stock had previously closed at $11.06.

Marblegate Acquisition Trading Up 0.2 %

The business’s 50-day moving average is $11.09 and its two-hundred day moving average is $10.96.

Hedge Funds Weigh In On Marblegate Acquisition

An institutional investor recently raised its position in Marblegate Acquisition stock. Clear Street LLC increased its holdings in Marblegate Acquisition Corp. (NASDAQ:GATE) by 162.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,756 shares of the company’s stock after acquiring an additional 12,848 shares during the quarter. Clear Street LLC owned approximately 0.18% of Marblegate Acquisition worth $224,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 9.39% of the company’s stock.

Marblegate Acquisition Company Profile

Marblegate Acquisition Corp. does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies primarily in the education, business services, consumer products, and healthcare sectors.