Berkley W R Corp Takes $3.16 Million Position in FG Merger II Corp. $FGMC

Berkley W R Corp purchased a new stake in shares of FG Merger II Corp. (NASDAQ:FGMC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 316,028 shares of the company’s stock, valued at approximately $3,158,000. Berkley W R Corp owned 12.17% of FG Merger II as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FGMC. Highbridge Capital Management LLC boosted its stake in FG Merger II by 163.3% during the third quarter. Highbridge Capital Management LLC now owns 254,607 shares of the company’s stock worth $2,544,000 after buying an additional 157,902 shares during the period. Wolverine Asset Management LLC raised its stake in shares of FG Merger II by 112.4% in the third quarter. Wolverine Asset Management LLC now owns 59,474 shares of the company’s stock valued at $594,000 after acquiring an additional 31,478 shares during the period. SkyView Investment Advisors LLC bought a new stake in shares of FG Merger II in the 2nd quarter worth about $789,000. Bluefin Capital Management LLC purchased a new position in shares of FG Merger II during the 2nd quarter worth about $1,167,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of FG Merger II during the 2nd quarter worth about $115,000.

Analyst Ratings Changes

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

FG Merger II Price Performance

Shares of FG Merger II stock opened at $10.09 on Friday. The stock’s fifty day moving average is $10.08 and its two-hundred day moving average is $10.04. FG Merger II Corp. has a 52 week low of $9.56 and a 52 week high of $10.25. The company has a market capitalization of $26.23 million and a PE ratio of 1,009.00.

FG Merger II Profile

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.