Wolverine Asset Management LLC Reduces Stock Position in Stellar V Capital Corp. $SVCC

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Stellar V Capital during the second quarter worth about $1,488,000. Mint Tower Capital Management B.V. purchased a new stake in Stellar V Capital in the second quarter valued at approximately $2,044,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Stellar V Capital during the second quarter valued at approximately $2,558,000. Magnetar Financial LLC purchased a new position in Stellar V Capital in the 2nd quarter worth approximately $13,292,000. Finally, Alberta Investment Management Corp purchased a new position in Stellar V Capital in the 2nd quarter worth approximately $5,115,000.

Analysts Set New Price Targets

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

Stellar V Capital Stock Down 0.1%

SVCC opened at $10.38 on Friday. The stock has a market capitalization of $224.31 million and a PE ratio of 51.90. The company’s 50 day simple moving average is $10.38. Stellar V Capital Corp. has a 52-week low of $9.95 and a 52-week high of $10.44.

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

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.