Wolverine Asset Management LLC Boosts Stake in GP-Act III Acquisition Corp. $GPAT

Wolverine Asset Management LLC boosted its stake in GP-Act III Acquisition Corp. (NASDAQ:GPAT) by 90.6% in the 3rd quarter, Holdings Channel reports. The firm owned 954,866 shares of the company’s stock after purchasing an additional 453,866 shares during the period. Wolverine Asset Management LLC’s holdings in GP-Act III Acquisition were worth $10,122,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cannon Global Investment Management LLC purchased a new position in shares of GP-Act III Acquisition during the third quarter worth $111,000. Radcliffe Capital Management L.P. acquired a new position in GP-Act III Acquisition during the 2nd quarter worth about $1,559,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in GP-Act III Acquisition during the 2nd quarter valued at about $7,800,000. Shaolin Capital Management LLC purchased a new position in GP-Act III Acquisition during the 2nd quarter valued at about $1,055,000. Finally, Meteora Capital LLC acquired a new position in GP-Act III Acquisition in the 2nd quarter valued at about $20,330,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of GP-Act III Acquisition in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

GP-Act III Acquisition Stock Performance

Shares of NASDAQ GPAT opened at $10.72 on Friday. The stock’s 50-day moving average is $10.68 and its two-hundred day moving average is $10.62. GP-Act III Acquisition Corp. has a 1-year low of $10.16 and a 1-year high of $10.73.

GP-Act III Acquisition (NASDAQ:GPAT) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.09 EPS for the quarter.

GP-Act III Acquisition Company Profile

GP-Act III Acquisition Corp is a special purpose acquisition company organized as a Delaware corporation that completed its initial public offering in 2021. As a blank-check company, it has no commercial operations of its own and was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

The company’s primary business activity is to identify and acquire a target company in sectors such as technology, business services, healthcare or other high-growth industries.