11,300 Shares in Northern Lights Acquisition Corp. (NASDAQ:NLIT) Bought by Wellspring Financial Advisors LLC

Wellspring Financial Advisors LLC purchased a new position in shares of Northern Lights Acquisition Corp. (NASDAQ:NLITGet Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,300 shares of the company’s stock, valued at approximately $114,000. Wellspring Financial Advisors LLC owned 0.08% of Northern Lights Acquisition as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in Northern Lights Acquisition during the fourth quarter valued at $3,524,000. Karpus Management Inc. raised its stake in shares of Northern Lights Acquisition by 17.0% during the 4th quarter. Karpus Management Inc. now owns 1,103,397 shares of the company’s stock valued at $11,111,000 after buying an additional 160,097 shares during the last quarter. Finally, Logan Stone Capital LLC acquired a new position in shares of Northern Lights Acquisition in the 4th quarter valued at about $281,000. Hedge funds and other institutional investors own 79.50% of the company’s stock.

Northern Lights Acquisition Stock Performance

Shares of NLIT opened at $10.21 on Tuesday. The stock’s 50-day moving average price is $10.07 and its 200-day moving average price is $10.12. Northern Lights Acquisition Corp. has a 52 week low of $7.72 and a 52 week high of $30.47.

Insider Buying and Selling at Northern Lights Acquisition

In other news, major shareholder Boothbay Fund Management, Llc sold 1,300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $10.21, for a total transaction of $13,273,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Northern Lights Acquisition Company Profile

(Get Rating)

Northern Lights Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the cannabis industry. The company was incorporated in 2021 and is based in New York, New York.

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Institutional Ownership by Quarter for Northern Lights Acquisition (NASDAQ:NLIT)

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