InFinT Acquisition Co. (NYSE:IFIN) Shares Acquired by Wolverine Asset Management LLC

Posted by Elija Maina on Apr 23rd, 2024

Wolverine Asset Management LLC grew its stake in InFinT Acquisition Co. (NYSE:IFIN – Free Report) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 710,700 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.05% of InFinT Acquisition worth $7,974,000 as of its most recent SEC filing.

Separately, Spartan Fund Management Inc. purchased a new position in shares of InFinT Acquisition in the third quarter worth about $1,753,000. Hedge funds and other institutional investors own 56.01% of the company’s stock.

Insiders Place Their Bets

In other InFinT Acquisition news, major shareholder Cowen Inc. sold 5,000 shares of InFinT Acquisition stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $11.36, for a total transaction of $56,800.00. Following the transaction, the insider now directly owns 374,878 shares of the company’s stock, valued at $4,258,614.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 43.30% of the stock is owned by insiders.

InFinT Acquisition Stock Performance

Shares of NYSE:IFIN remained flat at $11.49 during midday trading on Tuesday. 2,363 shares of the stock traded hands, compared to its average volume of 40,048. The business’s 50-day moving average is $11.41 and its 200 day moving average is $11.27. InFinT Acquisition Co. has a 12-month low of $10.61 and a 12-month high of $11.53.

InFinT Acquisition Company Profile

(Free Report)

InFinT Acquisition Corporation does not have significant operations. The company focuses on share exchange, share reconstruction, and amalgamation with similar business combination with one or more businesses or entities. It intends to focus on businesses in financial services and technology sectors in North America, Asia, Latin America, Europe, and Israel.