Sage Mountain Advisors LLC acquired a new stake in FG Merger Corp. (NASDAQ:FGMCU – Get Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,170 shares of the company's stock, valued at approximately $246,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saba Capital Management L.P. purchased a new position in FG Merger in the 1st quarter valued at about $198,000. Yakira Capital Management Inc. acquired a new stake in shares of FG Merger in the 1st quarter valued at about $211,000. Warberg Asset Management LLC acquired a new stake in shares of FG Merger in the 1st quarter valued at about $250,000. Skaana Management L.P. acquired a new stake in shares of FG Merger in the 1st quarter valued at about $251,000. Finally, Condor Capital Management raised its stake in shares of FG Merger by 13.2% in the 2nd quarter. Condor Capital Management now owns 26,634 shares of the company's stock valued at $271,000 after purchasing an additional 3,104 shares in the last quarter.
Get FG Merger alerts:FG Merger Stock Performance
Shares of FG Merger stock opened at $10.12 on Wednesday. The firm's 50-day simple moving average is $10.07 and its 200-day simple moving average is $10.06. FG Merger Corp. has a 1 year low of $9.96 and a 1 year high of $10.98.
FG Merger Profile
(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 (FGMCU)
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