K2 Principal Fund L.P. decreased its position in Double Eagle Acquisition Corp. (OTCMKTS:EAGL) by 49.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,067 shares of the company’s stock after selling 149,800 shares during the period. K2 Principal Fund L.P. owned approximately 0.38% of Double Eagle Acquisition Corp. worth $1,576,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC bought a new stake in Double Eagle Acquisition Corp. in the third quarter valued at $20,104,000. Mariner Investment Group LLC bought a new stake in Double Eagle Acquisition Corp. in the third quarter valued at $481,000. Gamco Investors INC. ET AL bought a new stake in Double Eagle Acquisition Corp. in the third quarter valued at $253,000. Nationwide Fund Advisors bought a new stake in Double Eagle Acquisition Corp. in the third quarter valued at $156,000. Finally, Royal Bank of Canada increased its stake in Double Eagle Acquisition Corp. by 53.8% in the second quarter. Royal Bank of Canada now owns 1,233,575 shares of the company’s stock valued at $12,336,000 after purchasing an additional 431,475 shares in the last quarter.
In related news, CEO Jeffrey Sagansky bought 30,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were purchased at an average price of $10.05 per share, with a total value of $301,500.00. Following the completion of the purchase, the chief executive officer now owns 30,000 shares in the company, valued at approximately $301,500. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
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About Double Eagle Acquisition Corp.
Silver Eagle Acquisition Corp. is a United States-based blank check company. The Company will seek to capitalize on the deal sourcing, investing and operating to indentify, acquire and operate media or entertainment businesses, including providers of content in the United States or internationally, although it may pursue acquisition opportunities in other sectors.
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