Sea Otter Advisors LLC cut its stake in Aeries Technology, Inc (NASDAQ:AERT – Free Report) by 17.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,858 shares of the company’s stock after selling 34,142 shares during the period. Aeries Technology accounts for approximately 2.2% of Sea Otter Advisors LLC’s portfolio, making the stock its 10th largest position. Sea Otter Advisors LLC owned 1.09% of Aeries Technology worth $313,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Caas Capital Management LP purchased a new position in Aeries Technology during the second quarter valued at $209,000. Aristeia Capital L.L.C. purchased a new position in shares of Aeries Technology in the 2nd quarter worth about $335,000. Finally, Sage Rock Capital Management LP purchased a new position in shares of Aeries Technology in the 4th quarter worth about $400,000. 99.15% of the stock is owned by institutional investors.
Aeries Technology Stock Performance
NASDAQ:AERT opened at $2.08 on Friday. Aeries Technology, Inc has a fifty-two week low of $1.29 and a fifty-two week high of $11.40. The firm has a 50-day simple moving average of $2.25 and a two-hundred day simple moving average of $2.05.
Aeries Technology Company Profile
Aeries Technology, Inc operates as a professional services and consulting partner in the United States and internationally. The company offers management consultancy services for private equity sponsors and their portfolio companies, including software solutions, product management, IT infrastructure, information and cyber security, ERP and CRM platform management, business process management, and digital transformation services.
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