Wolverine Asset Management LLC Purchases 138,819 Shares of A Paradise Acquisition Corp. $APAD

Wolverine Asset Management LLC raised its position in shares of A Paradise Acquisition Corp. (NASDAQ:APAD) by 23.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 719,819 shares of the company’s stock after acquiring an additional 138,819 shares during the quarter. Wolverine Asset Management LLC’s holdings in A Paradise Acquisition were worth $7,234,000 as of its most recent SEC filing.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

A Paradise Acquisition Stock Performance

Shares of NASDAQ APAD opened at $10.65 on Monday. The firm’s 50-day moving average is $10.19. A Paradise Acquisition Corp. has a 1-year low of $8.82 and a 1-year high of $11.29.

A Paradise Acquisition (NASDAQ:APAD) last announced its quarterly earnings data on Monday, February 9th. The company reported ($0.36) earnings per share for the quarter.

A Paradise Acquisition Profile

A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank?check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.

Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.