MMCAP International Inc. SPC acquired a new stake in FG Merger Corp. (NASDAQ:FGMC – Get Rating) during the 2nd quarter, Holdings Channel reports. The firm acquired 300,000 shares of the company's stock, valued at approximately $2,985,000.
Other large investors have also made changes to their positions in the company. Warberg Asset Management LLC purchased a new stake in shares of FG Merger in the second quarter worth about $220,000. Robinson Capital Management LLC purchased a new stake in shares of FG Merger in the second quarter worth about $318,000. Wolverine Asset Management LLC purchased a new stake in shares of FG Merger in the second quarter worth about $2,121,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of FG Merger in the second quarter worth about $5,970,000. 50.64% of the stock is currently owned by hedge funds and other institutional investors.
Get FG Merger alerts:FG Merger Price Performance
Shares of NASDAQ:FGMC traded up $0.01 during mid-day trading on Friday, reaching $10.11. The stock had a trading volume of 2,528 shares, compared to its average volume of 2,468. FG Merger Corp. has a 1 year low of $9.89 and a 1 year high of $10.50. The business's 50 day moving average price is $10.06 and its 200 day moving average price is $10.01.
About FG Merger
(Get Rating)FG Merger Corp. 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 focus its search for a target business in the financial services industry in North America. The company was incorporated in 2020 and is based in Itasca, Illinois.
Further Reading
- Get a free copy of the StockNews.com research report on FG Merger (FGMC)
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Want to see what other hedge funds are holding FGMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FG Merger Corp. (NASDAQ:FGMC – Get Rating).
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