Wolverine Asset Management LLC increased its stake in shares of Valuence Merger Corp. I (NASDAQ:VMCA - Free Report) by 67.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,515 shares of the company's stock after buying an additional 150,474 shares during the quarter. Wolverine Asset Management LLC owned 3.19% of Valuence Merger Corp. I worth $4,180,000 at the end of the most recent quarter.
Separately, Spartan Fund Management Inc. boosted its position in Valuence Merger Corp. I by 2.3% in the third quarter. Spartan Fund Management Inc. now owns 115,521 shares of the company's stock worth $1,283,000 after purchasing an additional 2,611 shares during the last quarter. Institutional investors and hedge funds own 52.21% of the company's stock.
Valuence Merger Corp. I Stock Performance
VMCA stock remained flat at $11.42 during midday trading on Wednesday. The company's stock had a trading volume of 468 shares, compared to its average volume of 41,707. The company's 50-day moving average is $11.34 and its 200-day moving average is $11.22. Valuence Merger Corp. I has a twelve month low of $10.58 and a twelve month high of $11.85.
Valuence Merger Corp. I (NASDAQ:VMCA - Get Free Report) last posted its quarterly earnings data on Thursday, March 28th. The company reported $0.09 earnings per share for the quarter.
Valuence Merger Corp. I Company Profile
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Free Report)
Valuence Merger Corp. I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify a business in Asia that is developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology.
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