Crossingbridge Advisors LLC Takes $1.42 Million Position in Flag Ship Acquisition Corporation $FSHP

Crossingbridge Advisors LLC purchased a new stake in Flag Ship Acquisition Corporation (NASDAQ:FSHP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 133,000 shares of the company’s stock, valued at approximately $1,415,000. Crossingbridge Advisors LLC owned approximately 2.64% of Flag Ship Acquisition as of its most recent filing with the SEC.

Separately, Berkley W R Corp lifted its stake in Flag Ship Acquisition by 2.0% in the second quarter. Berkley W R Corp now owns 658,831 shares of the company’s stock valued at $6,845,000 after acquiring an additional 12,885 shares during the last quarter.

Flag Ship Acquisition Stock Up 0.2%

Shares of NASDAQ:FSHP opened at $10.86 on Monday. The business has a 50-day moving average of $10.82 and a two-hundred day moving average of $10.71. Flag Ship Acquisition Corporation has a fifty-two week low of $10.27 and a fifty-two week high of $10.96.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Flag Ship Acquisition in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Flag Ship Acquisition

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.