Cantor Fitzgerald L. P. Buys New Shares in Southport Acquisition Co. (NYSE:PORT)

Cantor Fitzgerald L. P. bought a new stake in shares of Southport Acquisition Co. (NYSE:PORT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 111,986 shares of the company’s stock, valued at approximately $1,191,000. Cantor Fitzgerald L. P. owned about 1.13% of Southport Acquisition at the end of the most recent reporting period.

Separately, ATW Spac Management LLC acquired a new position in shares of Southport Acquisition in the 4th quarter valued at $2,127,000. Institutional investors own 38.57% of the company’s stock.

Southport Acquisition Stock Performance

Shares of PORT stock remained flat at $10.99 during mid-day trading on Wednesday. Southport Acquisition Co. has a twelve month low of $10.40 and a twelve month high of $12.00. The stock’s 50-day simple moving average is $11.08 and its two-hundred day simple moving average is $10.84.

Southport Acquisition Company Profile

Southport Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to acquire businesses in the field of financial software with a focus on mortgage and real estate verticals in the United States.