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Wolverine Asset Management LLC Cuts Position in Tavia Acquisition Corp. $TAVI

Tavia Acquisition logo with Financial Services background
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Key Points

  • Wolverine Asset Management cut its stake in Tavia Acquisition by 42.9% in Q4, selling 387,513 shares and ending the period with 515,058 shares (about 3.71% of the company) valued at roughly $5.37 million.
  • Analyst sentiment is negative: Weiss Ratings reiterated a "Sell (d)" and MarketBeat data shows a consensus rating of "Sell" on TAVI.
  • Tavia is a newly formed blank-check company (founded March 7, 2024) and its stock trades around $10.60, near its 50-day and 200-day moving averages (~$10.55 and $10.48) with a one-year range of $10.09–$10.72.
  • Five stocks we like better than Tavia Acquisition.

Wolverine Asset Management LLC lessened its holdings in Tavia Acquisition Corp. (NASDAQ:TAVI - Free Report) by 42.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 515,058 shares of the company's stock after selling 387,513 shares during the period. Wolverine Asset Management LLC owned approximately 3.71% of Tavia Acquisition worth $5,372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clear Street Group Inc. purchased a new position in shares of Tavia Acquisition in the 3rd quarter worth approximately $25,000. Concurrent Investment Advisors LLC purchased a new position in Tavia Acquisition in the third quarter valued at approximately $119,000. Radcliffe Capital Management L.P. purchased a new position in Tavia Acquisition in the second quarter valued at approximately $224,000. Moore Capital Management LP purchased a new position in Tavia Acquisition in the second quarter valued at approximately $514,000. Finally, Mangrove Partners IM LLC lifted its stake in Tavia Acquisition by 4.7% in the third quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company's stock valued at $583,000 after purchasing an additional 2,511 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Tavia Acquisition in a research note on Thursday, April 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tavia Acquisition currently has a consensus rating of "Sell".

View Our Latest Stock Report on TAVI

Tavia Acquisition Stock Performance

NASDAQ:TAVI opened at $10.60 on Monday. The stock's fifty day moving average price is $10.55 and its two-hundred day moving average price is $10.48. Tavia Acquisition Corp. has a 1 year low of $10.09 and a 1 year high of $10.72.

Tavia Acquisition Company Profile

(Free Report)

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.

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Institutional Ownership by Quarter for Tavia Acquisition (NASDAQ:TAVI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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