Wolverine Asset Management LLC Invests $277,000 in FG Merger II Corp. $FGMC

Wolverine Asset Management LLC purchased a new position in FG Merger II Corp. (NASDAQ:FGMC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,996 shares of the company’s stock, valued at approximately $277,000. Wolverine Asset Management LLC owned about 1.08% of FG Merger II at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Warberg Asset Management LLC purchased a new position in shares of FG Merger II in the first quarter worth $144,000. ATW Spac Management LLC purchased a new position in shares of FG Merger II in the first quarter worth $977,000. Virtu Financial LLC purchased a new stake in FG Merger II during the first quarter valued at $1,366,000. Westchester Capital Management LLC purchased a new stake in FG Merger II during the first quarter valued at $2,874,000. Finally, AQR Arbitrage LLC purchased a new stake in FG Merger II during the first quarter valued at $7,587,000.

FG Merger II Stock Performance

FG Merger II stock opened at $10.04 on Monday. The stock has a market cap of $26.10 million and a PE ratio of 1,004.00. FG Merger II Corp. has a one year low of $9.53 and a one year high of $10.10. The stock has a fifty day moving average of $10.00 and a 200 day moving average of $9.88.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of FG Merger II in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, FG Merger II currently has an average rating of “Sell”.

FG Merger II Profile

FG Merger II Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on September 20, 2023 and is headquartered in Itasca, IL.