Crossingbridge Advisors LLC Trims Position in Oak Woods Acquisition Co. (NASDAQ:OAKU)

Crossingbridge Advisors LLC reduced its holdings in Oak Woods Acquisition Co. (NASDAQ:OAKU) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 249,680 shares of the company’s stock after selling 5,320 shares during the period. Oak Woods Acquisition comprises 2.1% of Crossingbridge Advisors LLC’s holdings, making the stock its 15th biggest position. Crossingbridge Advisors LLC owned about 3.32% of Oak Woods Acquisition worth $2,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Oak Woods Acquisition in the 2nd quarter worth approximately $401,000. Shaolin Capital Management LLC grew its position in Oak Woods Acquisition by 113.7% during the second quarter. Shaolin Capital Management LLC now owns 350,000 shares of the company’s stock valued at $3,808,000 after buying an additional 186,200 shares during the period. K2 Principal Fund L.P. acquired a new stake in Oak Woods Acquisition during the second quarter valued at $219,000. Wolverine Asset Management LLC increased its holdings in Oak Woods Acquisition by 15.3% in the second quarter. Wolverine Asset Management LLC now owns 218,659 shares of the company’s stock valued at $2,379,000 after buying an additional 29,000 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its position in shares of Oak Woods Acquisition by 151.0% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the company’s stock worth $5,393,000 after acquiring an additional 293,106 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Oak Woods Acquisition Stock Performance

NASDAQ:OAKU opened at $11.36 on Tuesday. Oak Woods Acquisition Co. has a 52 week low of $10.48 and a 52 week high of $11.36. The stock’s 50-day moving average price is $11.19 and its 200-day moving average price is $11.00.

Insider Activity

In other news, major shareholder Mizuho Securities Usa Llc sold 74,000 shares of Oak Woods Acquisition stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $11.18, for a total value of $827,320.00. Following the sale, the insider now owns 413,394 shares in the company, valued at $4,621,744.92. This trade represents a 15.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.00% of the company’s stock.

About Oak Woods Acquisition

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.