Wolverine Asset Management LLC Makes New $1.09 Million Investment in ExcelFin Acquisition Corp. (NASDAQ:XFIN)

Wolverine Asset Management LLC purchased a new position in ExcelFin Acquisition Corp. (NASDAQ:XFIN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 102,184 shares of the company’s stock, valued at approximately $1,094,000.

Several other institutional investors have also modified their holdings of the business. Cowen AND Company LLC acquired a new position in shares of ExcelFin Acquisition in the third quarter worth $314,000. Westchester Capital Management LLC lifted its position in shares of ExcelFin Acquisition by 33.1% during the 3rd quarter. Westchester Capital Management LLC now owns 201,000 shares of the company’s stock worth $2,139,000 after purchasing an additional 50,000 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of ExcelFin Acquisition during the 3rd quarter worth $561,000. Warberg Asset Management LLC purchased a new stake in shares of ExcelFin Acquisition during the 3rd quarter worth $773,000. Finally, Spartan Fund Management Inc. lifted its position in shares of ExcelFin Acquisition by 344.9% during the 3rd quarter. Spartan Fund Management Inc. now owns 219,533 shares of the company’s stock worth $2,336,000 after purchasing an additional 170,194 shares during the last quarter. Institutional investors and hedge funds own 19.78% of the company’s stock.

ExcelFin Acquisition Price Performance

ExcelFin Acquisition stock opened at $11.09 on Friday. The company has a fifty day simple moving average of $10.91 and a 200-day simple moving average of $10.78. ExcelFin Acquisition Corp. has a 12-month low of $10.24 and a 12-month high of $11.10.

About ExcelFin Acquisition

ExcelFin Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Fort Mill, South Carolina.