Picton Mahoney Asset Management Makes New $4.61 Million Investment in Translational Development Acquisition Corp. (NASDAQ:TDACU)

Picton Mahoney Asset Management acquired a new position in shares of Translational Development Acquisition Corp. (NASDAQ:TDACU) during the 4th quarter, Holdings Channel.com reports. The firm acquired 250,000 shares of the company’s stock, valued at approximately $4,610,000.

Several other institutional investors also recently bought and sold shares of the company. Schechter Investment Advisors LLC purchased a new position in Translational Development Acquisition during the 4th quarter worth $2,778,000. Wealthspring Capital LLC purchased a new position in Translational Development Acquisition during the 4th quarter worth $1,095,000. MMCAP International Inc. SPC purchased a new position in Translational Development Acquisition during the 4th quarter worth $6,454,000. Wolverine Asset Management LLC purchased a new position in Translational Development Acquisition during the 4th quarter worth $5,716,000. Finally, Calamos Advisors LLC purchased a new position in Translational Development Acquisition during the 4th quarter worth $6,915,000.

Translational Development Acquisition Stock Performance

TDACU opened at $10.14 on Friday. Translational Development Acquisition Corp. has a 52 week low of $10.00 and a 52 week high of $10.30. The business’s fifty day moving average price is $10.08.

About Translational Development Acquisition

Trident Acquisitions Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector.