In recent financial moves, GK Partners ApS, a significant shareholder in Nordicus Partners Corp (NASDAQ:NORD), has acquired additional shares in the company. According to a recent SEC filing, GK Partners purchased a total of 5,500 shares of Nordicus common stock over two transactions. The purchases occurred on September 3 and October 1, 2024, with each share priced at $10, significantly above the current trading price of $3.01. This acquisition represents a total investment of $55,000. InvestingPro analysis suggests Nordicus is currently undervalued, with the stock down over 55% year-to-date.
The filing also noted a substantial increase in shares due to an acquisition-related exchange, although no monetary transaction was involved in this case. GK Partners now holds a total of 3,349,568 shares in Nordicus, reflecting its ongoing confidence in the company's prospects. With Nordicus's market cap at $51.74M and earnings report due in 3 days, InvestingPro subscribers can access detailed financial health metrics and earnings forecasts to evaluate this investment move.
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