Polar Asset Management Partners Inc. Has $1.60 Million Holdings in Flag Ship Acquisition Corporation $FSHP

Polar Asset Management Partners Inc. lessened its stake in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP) by 60.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,000 shares of the company’s stock after selling 227,000 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Flag Ship Acquisition were worth $1,598,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FSHP. Clear Street Group Inc. bought a new position in shares of Flag Ship Acquisition in the 3rd quarter valued at approximately $77,000. Crossingbridge Advisors LLC bought a new stake in Flag Ship Acquisition during the third quarter worth approximately $1,415,000. Finally, Berkley W R Corp boosted its position in Flag Ship Acquisition by 2.0% during the second quarter. Berkley W R Corp now owns 658,831 shares of the company’s stock worth $6,845,000 after purchasing an additional 12,885 shares during the period.

Wall Street Analyst Weigh In

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

Flag Ship Acquisition Stock Performance

NASDAQ:FSHP opened at $10.92 on Friday. The firm’s 50-day moving average is $10.85 and its 200-day moving average is $10.73. Flag Ship Acquisition Corporation has a 52-week low of $10.30 and a 52-week high of $10.96.

Flag Ship Acquisition Company Profile

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.