Weiss Asset Management LP grew its stake in Pyrophyte Acquisition Corp. (NYSE:PHYT – Get Rating) by 105.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 615,000 shares of the company's stock after buying an additional 315,000 shares during the period. Weiss Asset Management LP's holdings in Pyrophyte Acquisition were worth $6,244,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of PHYT. Glazer Capital LLC boosted its stake in shares of Pyrophyte Acquisition by 0.3% during the 3rd quarter. Glazer Capital LLC now owns 996,559 shares of the company's stock worth $10,118,000 after purchasing an additional 3,043 shares during the last quarter. Royal Bank of Canada acquired a new position in Pyrophyte Acquisition during the first quarter valued at approximately $88,000. First Trust Capital Management L.P. lifted its position in Pyrophyte Acquisition by 25.4% during the third quarter. First Trust Capital Management L.P. now owns 125,381 shares of the company's stock valued at $1,273,000 after buying an additional 25,381 shares in the last quarter. Cantor Fitzgerald L. P. lifted its position in Pyrophyte Acquisition by 12.0% during the third quarter. Cantor Fitzgerald L. P. now owns 258,976 shares of the company's stock valued at $2,629,000 after buying an additional 27,700 shares in the last quarter. Finally, Karpus Management Inc. raised its stake in shares of Pyrophyte Acquisition by 18.0% during the second quarter. Karpus Management Inc. now owns 233,825 shares of the company's stock valued at $2,338,000 after purchasing an additional 35,625 shares during the period. Institutional investors and hedge funds own 74.11% of the company's stock.
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Pyrophyte Acquisition Stock Down 0.1 %
Shares of NYSE:PHYT traded down $0.01 during midday trading on Wednesday, reaching $10.47. The company had a trading volume of 200 shares, compared to its average volume of 114,771. The stock's fifty day moving average price is $10.42 and its 200-day moving average price is $10.28. Pyrophyte Acquisition Corp. has a one year low of $9.93 and a one year high of $10.51.
About Pyrophyte Acquisition
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Pyrophyte Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses or assets in the energy transition industries. The company was incorporated in 2021 and is based in Houston, Texas.
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