Wolverine Asset Management LLC lessened its stake in Lakeshore Acquisition I Corp. (NASDAQ:LAAA – Get Rating) by 29.5% in the first quarter, HoldingsChannel.com reports. The firm owned 15,212 shares of the company’s stock after selling 6,358 shares during the quarter. Wolverine Asset Management LLC’s holdings in Lakeshore Acquisition I were worth $150,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. B. Riley Asset Management LLC purchased a new position in shares of Lakeshore Acquisition I in the 4th quarter valued at about $629,000. Whitebox Advisors LLC increased its holdings in Lakeshore Acquisition I by 33.3% during the 4th quarter. Whitebox Advisors LLC now owns 80,000 shares of the company’s stock valued at $789,000 after acquiring an additional 20,000 shares in the last quarter. Walleye Capital LLC purchased a new position in Lakeshore Acquisition I during the 4th quarter valued at about $811,000. Saba Capital Management L.P. increased its holdings in Lakeshore Acquisition I by 31.2% during the 4th quarter. Saba Capital Management L.P. now owns 105,035 shares of the company’s stock valued at $1,036,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Karpus Management Inc. increased its holdings in Lakeshore Acquisition I by 245.4% during the 4th quarter. Karpus Management Inc. now owns 410,150 shares of the company’s stock valued at $4,044,000 after acquiring an additional 291,400 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.
Lakeshore Acquisition I Stock Performance
NASDAQ:LAAA opened at $9.94 on Wednesday. The firm has a 50-day moving average price of $9.98 and a two-hundred day moving average price of $9.93. Lakeshore Acquisition I Corp. has a twelve month low of $9.58 and a twelve month high of $10.91.
Lakeshore Acquisition I Profile
Lakeshore Acquisition I Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Shanghai, China.
- Get a free copy of the StockNews.com research report on Lakeshore Acquisition I (LAAA)
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