Wolverine Asset Management LLC Cuts Holdings in Flag Ship Acquisition Corporation $FSHP

Wolverine Asset Management LLC trimmed its position in Flag Ship Acquisition Corporation (NASDAQ:FSHP) by 70.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,420 shares of the company’s stock after selling 346,697 shares during the quarter. Wolverine Asset Management LLC owned about 1.71% of Flag Ship Acquisition worth $1,570,000 at the end of the most recent reporting period.

Separately, Berkley W R Corp increased its stake in Flag Ship Acquisition by 2.0% in the 2nd quarter. Berkley W R Corp now owns 658,831 shares of the company’s stock worth $6,845,000 after acquiring an additional 12,885 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Flag Ship Acquisition in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Flag Ship Acquisition currently has an average rating of “Sell”.

Flag Ship Acquisition Stock Up 0.9%

NASDAQ:FSHP opened at $10.87 on Friday. Flag Ship Acquisition Corporation has a 1 year low of $10.17 and a 1 year high of $10.96. The business has a 50 day simple moving average of $10.74 and a 200-day simple moving average of $10.61.

Flag Ship Acquisition (NASDAQ:FSHP) last released its earnings results on Friday, October 31st. The company reported $0.06 earnings per share for the quarter.

Flag Ship Acquisition Company Profile

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.