Wolverine Asset Management LLC Has $1.10 Million Stock Position in Stellar V Capital Corp. $SVCC

Wolverine Asset Management LLC lowered its position in shares of Stellar V Capital Corp. (NASDAQ:SVCC) by 57.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 106,718 shares of the company’s stock after selling 142,834 shares during the period. Wolverine Asset Management LLC owned about 0.49% of Stellar V Capital worth $1,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SVCC. Gritstone Asset Management LLC bought a new position in shares of Stellar V Capital during the second quarter valued at $1,380,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Stellar V Capital in the second quarter valued at $1,488,000. Mint Tower Capital Management B.V. bought a new position in Stellar V Capital during the 2nd quarter worth $2,044,000. Shaolin Capital Management LLC acquired a new position in Stellar V Capital during the 2nd quarter worth about $2,044,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Stellar V Capital during the 2nd quarter worth about $2,558,000.

Stellar V Capital Trading Down 0.1%

Shares of NASDAQ:SVCC opened at $10.38 on Friday. Stellar V Capital Corp. has a 52-week low of $9.95 and a 52-week high of $10.44. The business has a 50 day moving average price of $10.38. The company has a market capitalization of $224.31 million and a price-to-earnings ratio of 51.90.

Stellar V Capital (NASDAQ:SVCC) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.07 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Stellar V Capital in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Stellar V Capital has a consensus rating of “Sell”.

Stellar V Capital Profile

We are a blank check company incorporated on July 12, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.