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Wolverine Asset Management LLC Makes New $195,000 Investment in Kadem Sustainable Impact Co. (NASDAQ:KSI)

Defense World ·  Nov 1, 2022 07:43

Wolverine Asset Management LLC purchased a new stake in Kadem Sustainable Impact Co. (NASDAQ:KSI – Get Rating) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,943 shares of the company's stock, valued at approximately $195,000. Wolverine Asset Management LLC owned 0.09% of Kadem Sustainable Impact at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KSI. Basso Capital Management L.P. boosted its stake in Kadem Sustainable Impact by 1.1% in the first quarter. Basso Capital Management L.P. now owns 523,263 shares of the company's stock worth $5,102,000 after purchasing an additional 5,875 shares in the last quarter. Aristeia Capital LLC bought a new position in shares of Kadem Sustainable Impact during the first quarter worth about $4,875,000. Saba Capital Management L.P. grew its holdings in shares of Kadem Sustainable Impact by 0.9% during the first quarter. Saba Capital Management L.P. now owns 312,531 shares of the company's stock worth $3,047,000 after buying an additional 2,894 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Kadem Sustainable Impact by 2,064.0% during the first quarter. Bank of America Corp DE now owns 251,628 shares of the company's stock worth $2,453,000 after buying an additional 240,000 shares in the last quarter. Finally, Sculptor Capital LP bought a new position in shares of Kadem Sustainable Impact during the first quarter worth about $536,000. 62.31% of the stock is currently owned by institutional investors.

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Kadem Sustainable Impact Stock Performance

NASDAQ:KSI opened at $9.90 on Tuesday. The stock has a 50-day simple moving average of $9.84 and a 200 day simple moving average of $9.80. Kadem Sustainable Impact Co. has a 52-week low of $9.65 and a 52-week high of $9.91.

Kadem Sustainable Impact Profile

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Kadem Sustainable Impact Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to engage in the business of electric vehicle, energy storage and distribution, and mobility technologies.

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