Insider Buying: Pure Acquisition (NASDAQ:PACQ) COO Buys $21,220.00 in Stock
Pure Acquisition (NASDAQ:PACQ) COO Rodney L. Woodard purchased 2,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $10.61 per share, for a total transaction of $21,220.00. Following the completion of the transaction, the chief operating officer now directly owns 1,000 shares in the company, valued at $10,610. The purchase was disclosed in a filing with the SEC, which is available through this link.
Shares of PACQ stock opened at $10.62 on Friday. The stock has a market capitalization of $486.36 million, a PE ratio of 59.00 and a beta of 0.06. Pure Acquisition has a 52-week low of $10.06 and a 52-week high of $11.77.
Hedge funds have recently modified their holdings of the company. California Public Employees Retirement System raised its holdings in shares of Pure Acquisition by 22.3% in the 2nd quarter. California Public Employees Retirement System now owns 51,600 shares of the company’s stock valued at $556,000 after purchasing an additional 9,400 shares during the period. UBS Group AG raised its holdings in shares of Pure Acquisition by 1,791.1% in the 2nd quarter. UBS Group AG now owns 24,074 shares of the company’s stock valued at $260,000 after purchasing an additional 22,801 shares during the period. Finally, Weiss Asset Management LP raised its holdings in shares of Pure Acquisition by 100.0% in the 2nd quarter. Weiss Asset Management LP now owns 335,000 shares of the company’s stock valued at $3,611,000 after purchasing an additional 167,503 shares during the period. 72.05% of the stock is currently owned by institutional investors.
Pure Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more target businesses. The company was founded in 2017 and is based in Fort Worth, Texas.
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