HGC Investment Management Inc. grew its stake in shares of Matlin & Partners Acquisition Co. (NASDAQ:MPAC) by 84.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,545,056 shares of the company’s stock after acquiring an additional 706,299 shares during the period. Matlin & Partners Acquisition makes up approximately 5.6% of HGC Investment Management Inc.’s portfolio, making the stock its largest position. HGC Investment Management Inc.’s holdings in Matlin & Partners Acquisition were worth $15,080,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clear Harbor Asset Management LLC purchased a new stake in shares of Matlin & Partners Acquisition during the 3rd quarter worth $243,000. Cowen Inc. purchased a new stake in shares of Matlin & Partners Acquisition during the 3rd quarter worth $592,000. Deltec Asset Management LLC purchased a new stake in shares of Matlin & Partners Acquisition during the 4th quarter worth $1,464,000. Longfellow Investment Management Co. LLC boosted its position in shares of Matlin & Partners Acquisition by 25.0% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 250,000 shares of the company’s stock worth $2,450,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Myriad Asset Management Ltd. purchased a new stake in shares of Matlin & Partners Acquisition during the 3rd quarter worth $4,865,000.

Shares of Matlin & Partners Acquisition Co. (NASDAQ:MPAC) opened at $9.75 on Friday. Matlin & Partners Acquisition Co. has a 1 year low of $9.65 and a 1 year high of $10.02.

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About Matlin & Partners Acquisition

MOD-PAC CORP. is a designer and manufacturer of folding carton packaging. The Company provides Custom Folding Cartons for branded and private label consumer products in the food and food service, healthcare, medical and automotive industries, while its line of Stock Packaging products is offered to the retail confectionary industry.

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Institutional Ownership by Quarter for Matlin & Partners Acquisition (NASDAQ:MPAC)

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