Insider Selling: Easterly Acquisition Corp (EACQ) Major Shareholder Sells 367,050 Shares of Stock

Easterly Acquisition Corp (NASDAQ:EACQ) major shareholder Polar Asset Management Partner sold 367,050 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $10.50, for a total transaction of $3,854,025.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Polar Asset Management Partner also recently made the following trade(s):

  • On Tuesday, October 30th, Polar Asset Management Partner sold 97,500 shares of Easterly Acquisition stock. The stock was sold at an average price of $10.51, for a total transaction of $1,024,725.00.
  • On Friday, October 26th, Polar Asset Management Partner sold 249,000 shares of Easterly Acquisition stock. The stock was sold at an average price of $10.50, for a total transaction of $2,614,500.00.
  • On Friday, October 19th, Polar Asset Management Partner sold 500,000 shares of Easterly Acquisition stock. The stock was sold at an average price of $10.50, for a total transaction of $5,250,000.00.

Shares of EACQ stock opened at $10.44 on Friday. Easterly Acquisition Corp has a 52-week low of $9.45 and a 52-week high of $11.25. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.19.

Hedge funds have recently modified their holdings of the business. Advisor Partners LLC bought a new stake in Easterly Acquisition in the 3rd quarter worth about $415,000. Periscope Capital Inc. grew its position in Easterly Acquisition by 7.8% in the 2nd quarter. Periscope Capital Inc. now owns 271,900 shares of the company’s stock worth $2,801,000 after purchasing an additional 19,600 shares in the last quarter. Berkley W R Corp grew its position in Easterly Acquisition by 8.2% in the 2nd quarter. Berkley W R Corp now owns 960,218 shares of the company’s stock worth $9,890,000 after purchasing an additional 73,125 shares in the last quarter. K2 Principal Fund L.P. grew its position in Easterly Acquisition by 77.2% in the 2nd quarter. K2 Principal Fund L.P. now owns 1,315,316 shares of the company’s stock worth $13,548,000 after purchasing an additional 573,053 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its position in Easterly Acquisition by 22.6% in the 2nd quarter. Mizuho Securities USA LLC now owns 1,920,565 shares of the company’s stock worth $19,686,000 after purchasing an additional 353,918 shares in the last quarter. 60.24% of the stock is owned by institutional investors and hedge funds.

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About Easterly Acquisition

Easterly Acquisition Corp. does not have significant operations. It intends to engage in a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with companies operating in the financial services industry. The company was founded in 2015 and is based in New York, New York.

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