Wolverine Asset Management LLC raised its holdings in shares of FTAC Emerald Acquisition Corp. (NASDAQ:EMLD - Free Report) by 124.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 679,974 shares of the company's stock after purchasing an additional 376,681 shares during the period. Wolverine Asset Management LLC owned approximately 2.70% of FTAC Emerald Acquisition worth $7,174,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in EMLD. Deltec Asset Management LLC lifted its holdings in shares of FTAC Emerald Acquisition by 23.9% during the 3rd quarter. Deltec Asset Management LLC now owns 100,000 shares of the company's stock valued at $1,046,000 after buying an additional 19,269 shares during the period. BCK Capital Management LP bought a new position in shares of FTAC Emerald Acquisition during the 3rd quarter valued at $777,000. Westchester Capital Management LLC lifted its holdings in shares of FTAC Emerald Acquisition by 15.1% during the 3rd quarter. Westchester Capital Management LLC now owns 748,659 shares of the company's stock valued at $7,831,000 after buying an additional 98,470 shares during the period. Mizuho Securities USA LLC bought a new position in shares of FTAC Emerald Acquisition during the 3rd quarter valued at $6,913,000. Finally, Cowen AND Company LLC lifted its holdings in shares of FTAC Emerald Acquisition by 2,263.8% during the 3rd quarter. Cowen AND Company LLC now owns 836,369 shares of the company's stock valued at $8,748,000 after buying an additional 800,986 shares during the period. 56.89% of the stock is currently owned by hedge funds and other institutional investors.
FTAC Emerald Acquisition Price Performance
Shares of NASDAQ EMLD remained flat at $10.60 during midday trading on Tuesday. The stock had a trading volume of 144 shares, compared to its average volume of 9,044. The stock has a 50 day moving average price of $10.51 and a 200-day moving average price of $10.52. FTAC Emerald Acquisition Corp. has a 12-month low of $10.24 and a 12-month high of $11.00.
FTAC Emerald Acquisition Company Profile
(
Free Report)
FTAC Emerald Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors.
Further Reading
Want to see what other hedge funds are holding EMLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTAC Emerald Acquisition Corp. (NASDAQ:EMLD - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider FTAC Emerald Acquisition, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FTAC Emerald Acquisition wasn't on the list.
While FTAC Emerald Acquisition currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report