Ergoteles LLC purchased a new stake in FG Merger Corp. (NASDAQ:FGMC – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 32,858 shares of the company’s stock, valued at approximately $329,000. Ergoteles LLC owned about 0.32% of FG Merger at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Periscope Capital Inc. grew its position in shares of FG Merger by 1.0% in the 3rd quarter. Periscope Capital Inc. now owns 328,944 shares of the company’s stock valued at $3,296,000 after buying an additional 3,344 shares during the last quarter. CSS LLC IL bought a new stake in shares of FG Merger in the 2nd quarter valued at about $101,000. Karpus Management Inc. bought a new stake in shares of FG Merger in the 2nd quarter valued at about $108,000. Robinson Capital Management LLC grew its position in shares of FG Merger by 37.5% in the 3rd quarter. Robinson Capital Management LLC now owns 44,000 shares of the company’s stock valued at $441,000 after buying an additional 12,000 shares during the last quarter. Finally, Warberg Asset Management LLC bought a new stake in shares of FG Merger in the 2nd quarter valued at about $220,000. Institutional investors own 56.23% of the company’s stock.
FG Merger Price Performance
Shares of NASDAQ:FGMC opened at $10.38 on Friday. The business’s 50-day moving average is $10.29 and its 200-day moving average is $10.14. FG Merger Corp. has a 1 year low of $9.89 and a 1 year high of $10.50.
About FG Merger
FG Merger Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business in the financial services industry in North America. The company was incorporated in 2020 and is based in Itasca, Illinois.
Further Reading
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