Crossingbridge Advisors LLC Reduces Position in Oak Woods Acquisition Co. (NASDAQ:OAKU)

Crossingbridge Advisors LLC decreased its holdings in Oak Woods Acquisition Co. (NASDAQ:OAKU) by 2.1% in the third quarter, Holdings Channel reports. The fund owned 249,680 shares of the company’s stock after selling 5,320 shares during the period. Oak Woods Acquisition accounts for approximately 2.1% of Crossingbridge Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Crossingbridge Advisors LLC’s holdings in Oak Woods Acquisition were worth $2,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. K2 Principal Fund L.P. acquired a new stake in shares of Oak Woods Acquisition in the second quarter valued at approximately $219,000. Quarry LP purchased a new stake in Oak Woods Acquisition in the 2nd quarter valued at $401,000. Wolverine Asset Management LLC increased its stake in shares of Oak Woods Acquisition by 15.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 218,659 shares of the company’s stock worth $2,379,000 after acquiring an additional 29,000 shares during the last quarter. Shaolin Capital Management LLC raised its holdings in shares of Oak Woods Acquisition by 113.7% during the 2nd quarter. Shaolin Capital Management LLC now owns 350,000 shares of the company’s stock worth $3,808,000 after acquiring an additional 186,200 shares during the period. Finally, Mizuho Securities USA LLC boosted its position in shares of Oak Woods Acquisition by 151.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the company’s stock valued at $5,393,000 after acquiring an additional 293,106 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Oak Woods Acquisition Price Performance

Shares of OAKU opened at $11.36 on Tuesday. Oak Woods Acquisition Co. has a 12-month low of $10.48 and a 12-month high of $11.36. The firm has a 50-day moving average price of $11.19 and a 200 day moving average price of $11.00.

Insider Buying and Selling at Oak Woods Acquisition

In other Oak Woods Acquisition news, major shareholder Mizuho Securities Usa Llc sold 74,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $11.18, for a total transaction of $827,320.00. Following the completion of the sale, the insider now owns 413,394 shares of the company’s stock, valued at $4,621,744.92. This trade represents a 15.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is currently owned by company insiders.

Oak Woods Acquisition Profile

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.