Wolverine Asset Management LLC Acquires 195,957 Shares of Investcorp India Acquisition Corp (NASDAQ:IVCA)

Wolverine Asset Management LLC boosted its holdings in Investcorp India Acquisition Corp (NASDAQ:IVCA) by 48.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 602,874 shares of the company’s stock after acquiring an additional 195,957 shares during the quarter. Wolverine Asset Management LLC owned 3.71% of Investcorp India Acquisition worth $6,626,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Spartan Fund Management Inc. bought a new position in shares of Investcorp India Acquisition during the 3rd quarter worth approximately $2,437,000. Shaolin Capital Management LLC lifted its position in shares of Investcorp India Acquisition by 154.5% during the 3rd quarter. Shaolin Capital Management LLC now owns 300,000 shares of the company’s stock worth $3,243,000 after buying an additional 850,000 shares in the last quarter. Finally, Meteora Capital LLC bought a new position in shares of Investcorp India Acquisition during the 3rd quarter worth approximately $6,654,000. Institutional investors own 55.98% of the company’s stock.

Investcorp India Acquisition Price Performance

Shares of Investcorp India Acquisition stock traded up $0.01 during mid-day trading on Tuesday, hitting $11.25. 97,435 shares of the stock were exchanged, compared to its average volume of 41,903. Investcorp India Acquisition Corp has a 12 month low of $10.55 and a 12 month high of $11.31. The company has a 50-day simple moving average of $11.16 and a 200 day simple moving average of $11.03.

Investcorp India Acquisition Profile

Investcorp India Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was formerly known as Investcorp Acquisition Corp.