Wolverine Asset Management LLC boosted its position in A Paradise Acquisition Corp. (NASDAQ:APAD - Free Report) by 23.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 719,819 shares of the company's stock after acquiring an additional 138,819 shares during the quarter. Wolverine Asset Management LLC owned 3.49% of A Paradise Acquisition worth $7,234,000 at the end of the most recent reporting period.
A Paradise Acquisition Stock Performance
Shares of A Paradise Acquisition stock opened at $10.65 on Monday. A Paradise Acquisition Corp. has a twelve month low of $8.82 and a twelve month high of $11.29. The business has a fifty day simple moving average of $10.19.
A Paradise Acquisition (NASDAQ:APAD - Get Free Report) last issued its quarterly earnings data on Monday, February 9th. The company reported ($0.36) earnings per share for the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of A Paradise Acquisition from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, A Paradise Acquisition has a consensus rating of "Sell".
Read Our Latest Stock Report on APAD
About A Paradise Acquisition
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Free Report)
A Paradise Acquisition NASDAQ: APAD is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.
Like other acquisition companies, A Paradise Acquisition's typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.
Further Reading
Want to see what other hedge funds are holding APAD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A Paradise Acquisition Corp. (NASDAQ:APAD - Free Report).
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