Mizuho Securities Usa Llc Sells 85,000 Shares of Flag Ship Acquisition (NASDAQ:FSHP) Stock

Flag Ship Acquisition Corporation (NASDAQ:FSHP) major shareholder Mizuho Securities Usa Llc sold 85,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $11.23, for a total transaction of $954,550.00. Following the sale, the insider directly owned 315,000 shares of the company’s stock, valued at approximately $3,537,450. This represents a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Flag Ship Acquisition Price Performance

FSHP opened at $11.19 on Thursday. Flag Ship Acquisition Corporation has a fifty-two week low of $10.50 and a fifty-two week high of $12.00. The business has a fifty day simple moving average of $11.17 and a 200-day simple moving average of $11.03.

Flag Ship Acquisition (NASDAQ:FSHP) last released its quarterly earnings results on Friday, May 29th. The company reported $0.05 earnings per share for the quarter.

Hedge Funds Weigh In On Flag Ship Acquisition

An institutional investor recently bought a new stake in Flag Ship Acquisition stock. Toronto Dominion Bank bought a new stake in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,480 shares of the company’s stock, valued at approximately $37,000. Toronto Dominion Bank owned approximately 0.07% of Flag Ship Acquisition at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Flag Ship Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Flag Ship Acquisition currently has a consensus rating of “Sell”.

About Flag Ship Acquisition

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.