Wolverine Asset Management LLC acquired a new position in AltEnergy Acquisition Corp. (NASDAQ:AEAE – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,402 shares of the company's stock, valued at approximately $103,000.

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new stake in shares of AltEnergy Acquisition in the 1st quarter valued at $5,920,000. Highbridge Capital Management LLC increased its position in AltEnergy Acquisition by 35.4% during the first quarter. Highbridge Capital Management LLC now owns 559,681 shares of the company's stock worth $5,546,000 after buying an additional 146,408 shares during the last quarter. Omni Event Management Ltd acquired a new position in shares of AltEnergy Acquisition in the first quarter valued at approximately $4,791,000. Aristeia Capital LLC acquired a new position in shares of AltEnergy Acquisition in the first quarter valued at approximately $3,980,000. Finally, Whitefort Capital Management LP acquired a new position in shares of AltEnergy Acquisition in the first quarter valued at approximately $3,980,000. 60.25% of the stock is owned by institutional investors and hedge funds.

AltEnergy Acquisition Trading Up 0.1 %

Shares of AEAE stock opened at $10.05 on Wednesday. The stock has a 50 day simple moving average of $10.00 and a 200 day simple moving average of $9.97. AltEnergy Acquisition Corp. has a 1 year low of $3.85 and a 1 year high of $10.78.

AltEnergy Acquisition Company Profile

AltEnergy Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction with one or more businesses. It intends to acquire and operate businesses in the renewable energy or related clean technology sectors.

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