DLD Asset Management LP Takes Position in FG Merger II Corp. $FGMC

DLD Asset Management LP purchased a new position in FG Merger II Corp. (NASDAQ:FGMC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $1,482,000. DLD Asset Management LP owned approximately 5.77% of FG Merger II as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in FGMC. AQR Arbitrage LLC bought a new position in FG Merger II in the 1st quarter valued at about $7,587,000. Westchester Capital Management LLC purchased a new position in shares of FG Merger II in the 1st quarter worth about $2,874,000. Wealthspring Capital LLC bought a new position in shares of FG Merger II during the 2nd quarter valued at approximately $2,044,000. Virtu Financial LLC bought a new position in FG Merger II during the first quarter valued at $1,366,000. Finally, ATW Spac Management LLC bought a new position in shares of FG Merger II during the 1st quarter worth $977,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FG Merger II in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

FG Merger II Price Performance

FGMC opened at $10.02 on Thursday. The stock has a market cap of $26.05 million and a PE ratio of 1,002.00. FG Merger II Corp. has a 52 week low of $9.53 and a 52 week high of $10.10. The business’s fifty day simple moving average is $10.01 and its 200 day simple moving average is $9.93.

FG Merger II (NASDAQ:FGMC) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter.

About FG Merger II

FG Merger II Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on September 20, 2023 and is headquartered in Itasca, IL.