Wolverine Asset Management LLC decreased its holdings in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP – Free Report) by 70.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 147,420 shares of the company’s stock after selling 346,697 shares during the period. Wolverine Asset Management LLC’s holdings in Flag Ship Acquisition were worth $1,570,000 at the end of the most recent quarter.
Separately, Berkley W R Corp increased its stake in Flag Ship Acquisition by 2.0% in the second quarter. Berkley W R Corp now owns 658,831 shares of the company’s stock worth $6,845,000 after purchasing an additional 12,885 shares during the period.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Flag Ship Acquisition in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
Flag Ship Acquisition Stock Performance
FSHP opened at $10.87 on Friday. The stock’s fifty day moving average is $10.74 and its two-hundred day moving average is $10.61. Flag Ship Acquisition Corporation has a 52 week low of $10.17 and a 52 week high of $10.96.
Flag Ship Acquisition (NASDAQ:FSHP – Get Free Report) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.06 earnings per share (EPS) for the quarter.
Flag Ship Acquisition 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.
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