Wolverine Asset Management LLC Cuts Stake in Keen Vision Acquisition Corporation $KVAC

Wolverine Asset Management LLC lessened its stake in Keen Vision Acquisition Corporation (NASDAQ:KVAC) by 51.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 297,589 shares of the company’s stock after selling 316,775 shares during the quarter. Wolverine Asset Management LLC’s holdings in Keen Vision Acquisition were worth $3,425,000 at the end of the most recent reporting period.

Separately, Berkley W R Corp increased its holdings in Keen Vision Acquisition by 52.7% in the 2nd quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock valued at $11,895,000 after acquiring an additional 361,071 shares during the last quarter. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Keen Vision Acquisition presently has an average rating of “Hold”.

Keen Vision Acquisition Trading Up 0.8%

NASDAQ KVAC opened at $11.89 on Friday. The stock has a 50 day moving average price of $11.77 and a 200-day moving average price of $11.63. Keen Vision Acquisition Corporation has a one year low of $11.02 and a one year high of $12.00.

Keen Vision Acquisition (NASDAQ:KVAC) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.