Robinson Capital Management LLC Invests $135,000 in Chenghe Acquisition I Co. (NASDAQ:LATG)

Robinson Capital Management LLC purchased a new stake in shares of Chenghe Acquisition I Co. (NASDAQ:LATGFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,250 shares of the company’s stock, valued at approximately $135,000.

Other institutional investors have also made changes to their positions in the company. BCK Capital Management LP raised its stake in shares of Chenghe Acquisition I by 33.3% during the third quarter. BCK Capital Management LP now owns 74,268 shares of the company’s stock worth $817,000 after buying an additional 18,567 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Chenghe Acquisition I by 45.6% during the third quarter. Wolverine Asset Management LLC now owns 133,886 shares of the company’s stock worth $1,473,000 after purchasing an additional 41,904 shares during the period. Finally, Picton Mahoney Asset Management bought a new stake in Chenghe Acquisition I in the fourth quarter valued at about $1,700,000. 50.85% of the stock is owned by institutional investors.

Chenghe Acquisition I Stock Performance

NASDAQ:LATG remained flat at $11.37 during mid-day trading on Friday. The firm has a market cap of $81.75 million, a PE ratio of 379.14 and a beta of -0.01. The stock has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $11.14. Chenghe Acquisition I Co. has a 1 year low of $10.58 and a 1 year high of $11.76.

Chenghe Acquisition I (NASDAQ:LATGGet Free Report) last announced its earnings results on Friday, April 12th. The company reported ($0.30) earnings per share (EPS) for the quarter.

About Chenghe Acquisition I

(Free Report)

Chenghe Acquisition I Co does not have significant operations. The company focuses on effecting a merger, share exchange, share purchase, asset acquisition, reorganization, or similar business combination with one or more businesses. It intends to focus its search for an initial business combination on businesses in Latin America or Hispanic-owned businesses in the United States.

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Institutional Ownership by Quarter for Chenghe Acquisition I (NASDAQ:LATG)

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