M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) Shares Bought by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management LLC increased its holdings in M3-Brigade Acquisition V Corp. by 16.8% during the first quarter, owning approximately 1.42% of the company valued at $5.24 million.
• Other institutional investors, including Polar Asset Management and AQR Arbitrage, also acquired significant stakes in M3-Brigade Acquisition V during the fourth quarter.
• Wall Street analysts recently upgraded M3-Brigade Acquisition V to a "hold" rating, reflecting a cautious outlook on the stock's performance.

Wolverine Asset Management LLC raised its holdings in M3-Brigade Acquisition V Corp. (NASDAQ:MBAV - Free Report) by 16.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 510,524 shares of the company's stock after acquiring an additional 73,266 shares during the quarter. Wolverine Asset Management LLC owned 1.42% of M3-Brigade Acquisition V worth $5,243,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Gabelli Funds LLC acquired a new position in shares of M3-Brigade Acquisition V during the 4th quarter worth $428,000. Crossingbridge Advisors LLC acquired a new position in shares of M3-Brigade Acquisition V during the 4th quarter worth $452,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of M3-Brigade Acquisition V during the 4th quarter worth $578,000. Millennium Management LLC acquired a new position in shares of M3-Brigade Acquisition V during the 4th quarter worth $1,006,000. Finally, Heights Capital Management Inc. acquired a new position in shares of M3-Brigade Acquisition V during the 4th quarter worth $1,006,000.

M3-Brigade Acquisition V Trading Down 0.2%

MBAV stock traded down $0.02 during trading on Tuesday, hitting $10.54. The stock had a trading volume of 47,542 shares, compared to its average volume of 291,376. The company's 50 day moving average price is $11.36 and its two-hundred day moving average price is $10.68. M3-Brigade Acquisition V Corp. has a 1-year low of $9.97 and a 1-year high of $13.73.

Analysts Set New Price Targets

Separately, Wall Street Zen raised M3-Brigade Acquisition V to a "hold" rating in a research note on Saturday, June 14th.

About M3-Brigade Acquisition V

M3-Brigade Acquisition V Corp. is a blank check company. It formed for the purpose of effecting a merger, consolidation, capital stock exchange, share exchange, asset acquisition, share purchase, stock purchase, reorganization or similar business combination with one or more businesses. M3-Brigade Acquisition V Corp.