In recent trading session, Property Solutions Acquisition Corp. (NASDAQ:PSAC) saw 1,353,637 shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $11.86 trading at $0.21 or 1.8% at last check today assigns it a market valuation of $349.77 Million. That most recent trading price of PSAC’s stock is at a discount of -4.13% from its 52-week high price of $12.35 and is indicating a premium of 18.63% from its 52-week low price of $9.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.94 Million shares which gives us an average trading volume of 314.16 Million if we extend that period to 3-months.
Property Solutions Acquisition Corp. (PSAC) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 0% while estimates for its earnings growth in next 5 years are of 0%
Property Solutions Acquisition Corp. (NASDAQ:PSAC)’s Major holders
Insiders are in possession of 0% of company’s total shares while institution are holding 34.7% percent of that, with stock having share float percentage of 34.7%. Investors also watch the number of corporate investors in a company very closely, which is 24 institutions for Property Solutions Acquisition Corp. that are currently holding shares of the company. Karpus Management Inc is the top institutional holder at PSAC for having 3.44 Million shares of worth $33.71 Million. And as of September 29, 2020, it was holding 11.64% of the company’s outstanding shares.
The second largest institutional holder is Hsbc Holdings Plc, which was holding about 1.25 Million shares on September 29, 2020. The number of shares represents firm’s hold over 4.23% of outstanding shares, having a total worth of $12.26 Million.
On the other hand, AQR Funds-AQR Diversified Arbitrage Fd and RiverNorth Opportunities Fd are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 401500 shares of worth $3.94 Million or 1.36% of the total outstanding shares. The later fund manager was in possession of 61.68 Thousand shares on October 30, 2020, making its stake of worth around $595.82 Thousand in the company or a holder of 0.21% of company’s stock.
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