Wolverine Asset Management LLC Buys 900 Shares of InFinT Acquisition Co. (NYSE:IFIN)

Wolverine Asset Management LLC raised its holdings in shares of InFinT Acquisition Co. (NYSE:IFIN) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 710,700 shares of the company’s stock after purchasing an additional 900 shares during the period. Wolverine Asset Management LLC owned 5.37% of InFinT Acquisition worth $7,974,000 as of its most recent SEC filing.

Separately, Westchester Capital Management LLC lifted its holdings in shares of InFinT Acquisition by 46.1% during the third quarter. Westchester Capital Management LLC now owns 409,561 shares of the company’s stock valued at $4,517,000 after purchasing an additional 129,287 shares during the last quarter. Institutional investors and hedge funds own 56.01% of the company’s stock.

InFinT Acquisition Stock Performance

Shares of IFIN stock remained flat at $11.49 during trading hours on Tuesday. 2,363 shares of the stock traded hands, compared to its average volume of 40,048. The stock has a 50-day moving average price of $11.41 and a two-hundred day moving average price of $11.27. InFinT Acquisition Co. has a 1 year low of $10.61 and a 1 year high of $11.53.

Insider Activity at InFinT Acquisition

In related news, major shareholder Cowen Inc. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $11.36, for a total transaction of $56,800.00. Following the completion of the sale, the insider now owns 374,878 shares of the company’s stock, valued at $4,258,614.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.30% of the stock is owned by insiders.

InFinT Acquisition Company Profile

InFinT Acquisition Corporation does not have significant operations. The company focuses on share exchange, share reconstruction, and amalgamation with similar business combination with one or more businesses or entities. It intends to focus on businesses in financial services and technology sectors in North America, Asia, Latin America, Europe, and Israel.