Periscope Capital Inc. lessened its stake in GP Investments Acquisition Corp (NASDAQ:GPIA) by 30.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 698,800 shares of the company’s stock after selling 311,200 shares during the quarter. GP Investments Acquisition Corp accounts for about 2.6% of Periscope Capital Inc.’s investment portfolio, making the stock its 13th biggest holding. Periscope Capital Inc. owned about 12.27% of GP Investments Acquisition Corp worth $6,995,000 as of its most recent filing with the Securities & Exchange Commission.
GP Investments Acquisition Corp (NASDAQ:GPIA) traded down 0.60% on Friday, hitting $9.95. 201 shares of the stock traded hands. GP Investments Acquisition Corp has a 1-year low of $9.72 and a 1-year high of $10.05. The company’s market cap is $56.66 million. The stock has a 50-day moving average price of $10.00 and a 200 day moving average price of $10.01.
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