Wolverine Asset Management LLC Purchases 171,197 Shares of Blue Ocean Acquisition Corp. (NASDAQ:BOCN)

Wolverine Asset Management LLC boosted its position in Blue Ocean Acquisition Corp. (NASDAQ:BOCN) by 1,183.9% in the second quarter, Holdings Channel.com reports. The firm owned 185,657 shares of the company’s stock after buying an additional 171,197 shares during the quarter. Wolverine Asset Management LLC’s holdings in Blue Ocean Acquisition were worth $2,072,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BOCN. Mizuho Securities USA LLC increased its stake in shares of Blue Ocean Acquisition by 9.7% in the 4th quarter. Mizuho Securities USA LLC now owns 471,793 shares of the company’s stock worth $5,053,000 after acquiring an additional 41,593 shares in the last quarter. Berkley W R Corp increased its stake in shares of Blue Ocean Acquisition by 83.4% during the first quarter. Berkley W R Corp now owns 548,805 shares of the company’s stock valued at $6,064,000 after purchasing an additional 249,576 shares in the last quarter. Finally, Glazer Capital LLC increased its stake in shares of Blue Ocean Acquisition by 2.1% during the fourth quarter. Glazer Capital LLC now owns 588,859 shares of the company’s stock valued at $6,330,000 after purchasing an additional 12,290 shares in the last quarter.

Blue Ocean Acquisition Price Performance

Shares of BOCN opened at $11.38 on Wednesday. The business’s 50 day moving average price is $11.26 and its 200-day moving average price is $11.13. Blue Ocean Acquisition Corp. has a 52 week low of $10.61 and a 52 week high of $11.70.

Blue Ocean Acquisition Company Profile

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education and advertising technology, and direct-to-consumer e-commerce businesses in Asia, Latin America, and North America.