RF Acquisition Corp. (NASDAQ:RFAC) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC trimmed its stake in shares of RF Acquisition Corp. (NASDAQ:RFAC) by 27.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,000 shares of the company’s stock after selling 89,690 shares during the quarter. Wolverine Asset Management LLC’s holdings in RF Acquisition were worth $2,698,000 at the end of the most recent quarter.

Separately, Cowen AND Company LLC grew its position in shares of RF Acquisition by 2.4% during the second quarter. Cowen AND Company LLC now owns 157,687 shares of the company’s stock worth $1,742,000 after buying an additional 3,637 shares in the last quarter. Institutional investors and hedge funds own 36.55% of the company’s stock.

RF Acquisition Stock Up 0.2 %

Shares of NASDAQ:RFAC opened at $11.46 on Tuesday. RF Acquisition Corp. has a fifty-two week low of $10.67 and a fifty-two week high of $11.46. The firm’s 50 day moving average price is $11.26 and its 200 day moving average price is $11.14.

RF Acquisition Company Profile

RF Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in financial services, media, technology, retail, interpersonal communication, transportation, and education sectors.