Wolverine Asset Management LLC Has $3.90 Million Stake in Fortune Rise Acquisition Co. (NASDAQ:FRLA)

Wolverine Asset Management LLC lowered its holdings in shares of Fortune Rise Acquisition Co. (NASDAQ:FRLA) by 0.5% during the third quarter, HoldingsChannel reports. The firm owned 342,518 shares of the company’s stock after selling 1,595 shares during the quarter. Wolverine Asset Management LLC’s holdings in Fortune Rise Acquisition were worth $3,898,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Virtu Financial LLC bought a new stake in Fortune Rise Acquisition during the 1st quarter worth approximately $251,000. SkyView Investment Advisors LLC boosted its holdings in shares of Fortune Rise Acquisition by 107.5% in the second quarter. SkyView Investment Advisors LLC now owns 83,000 shares of the company’s stock valued at $934,000 after buying an additional 43,000 shares during the period. Spartan Fund Management Inc. increased its position in shares of Fortune Rise Acquisition by 56.3% during the third quarter. Spartan Fund Management Inc. now owns 133,462 shares of the company’s stock worth $1,519,000 after acquiring an additional 48,063 shares in the last quarter. K2 Principal Fund L.P. raised its holdings in shares of Fortune Rise Acquisition by 55.0% during the second quarter. K2 Principal Fund L.P. now owns 154,990 shares of the company’s stock worth $1,744,000 after acquiring an additional 54,991 shares during the period. Finally, Clear Street LLC lifted its position in Fortune Rise Acquisition by 86.1% in the 2nd quarter. Clear Street LLC now owns 251,793 shares of the company’s stock valued at $2,833,000 after acquiring an additional 116,523 shares in the last quarter. Institutional investors own 52.89% of the company’s stock.

Insider Transactions at Fortune Rise Acquisition

In other Fortune Rise Acquisition news, major shareholder Yakira Capital Management, Inc sold 372,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $11.51, for a total value of $4,281,720.00. Following the sale, the insider now owns 175,938 shares in the company, valued at approximately $2,025,046.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by insiders.

Fortune Rise Acquisition Stock Up 0.8 %

Shares of NASDAQ FRLA opened at $11.44 on Monday. The company has a fifty day moving average price of $11.38 and a 200 day moving average price of $11.30. Fortune Rise Acquisition Co. has a 1-year low of $10.95 and a 1-year high of $11.87.

Fortune Rise Acquisition Company Profile

Fortune Rise Acquisition Corporation 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. The company was incorporated in 2021 and is based in Clearwater, Florida.