Wolverine Asset Management LLC Sells 701,224 Shares of RF Acquisition Corp II $RFAI

Wolverine Asset Management LLC cut its stake in RF Acquisition Corp II (NASDAQ:RFAI) by 82.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,750 shares of the company’s stock after selling 701,224 shares during the period. Wolverine Asset Management LLC owned 1.00% of RF Acquisition Corp II worth $1,625,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new stake in RF Acquisition Corp II in the third quarter valued at approximately $132,000. Radcliffe Capital Management L.P. bought a new stake in RF Acquisition Corp II during the third quarter valued at $323,000. Shaolin Capital Management LLC bought a new stake in RF Acquisition Corp II during the third quarter valued at $940,000. Finally, Berkley W R Corp boosted its position in RF Acquisition Corp II by 24.2% during the third quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock valued at $10,072,000 after acquiring an additional 183,030 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of RF Acquisition Corp II in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

RF Acquisition Corp II Stock Performance

RF Acquisition Corp II stock opened at $10.96 on Wednesday. RF Acquisition Corp II has a 52-week low of $10.45 and a 52-week high of $11.44. The stock’s 50 day moving average price is $10.93 and its two-hundred day moving average price is $10.83.

RF Acquisition Corp II Company Profile

RF Acquisition Corp. II operates as a blank check company. It was 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 February 5, 2024, and is headquartered in Singapore.