DLD Asset Management LP Has $999,000 Stock Holdings in FG Merger II Corp. $FGMC

DLD Asset Management LP trimmed its position in FG Merger II Corp. (NASDAQ:FGMC) by 33.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,000 shares of the company’s stock after selling 50,000 shares during the quarter. DLD Asset Management LP owned approximately 3.85% of FG Merger II worth $999,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Highbridge Capital Management LLC acquired a new position in FG Merger II during the second quarter worth approximately $954,000. Crossingbridge Advisors LLC acquired a new stake in shares of FG Merger II in the second quarter valued at approximately $242,000. Flow Traders U.S. LLC acquired a new stake in shares of FG Merger II in the second quarter valued at approximately $115,000. Bluefin Capital Management LLC bought a new position in shares of FG Merger II during the 2nd quarter worth approximately $1,167,000. Finally, SkyView Investment Advisors LLC acquired a new position in shares of FG Merger II during the 2nd quarter worth approximately $789,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FG Merger II in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, FG Merger II has an average rating of “Sell”.

FG Merger II Stock Up 0.1%

Shares of FGMC stock opened at $10.10 on Monday. FG Merger II Corp. has a 12-month low of $9.53 and a 12-month high of $10.25. The company has a market capitalization of $26.26 million and a PE ratio of 1,010.00. The firm has a 50 day moving average price of $10.08 and a two-hundred day moving average price of $10.03.

About FG Merger II

FG Merger II is a special purpose acquisition company (SPAC) incorporated in Delaware in 2022. The company was formed for the purpose of effecting a merger, stock exchange, asset acquisition or similar business combination. It completed its initial public offering on the Nasdaq under the symbol FGMC and, to date, has not identified a definitive target or commenced substantive operations beyond the SPAC formation.

The company intends to pursue opportunities in financial technology, financial services and adjacent technology-driven sectors.