Wolverine Asset Management LLC Decreases Stake in AlphaTime Acquisition Corp. $ATMC

Wolverine Asset Management LLC reduced its position in AlphaTime Acquisition Corp. (NASDAQ:ATMC) by 1.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 183,667 shares of the company’s stock after selling 3,267 shares during the period. Wolverine Asset Management LLC owned approximately 0.05% of AlphaTime Acquisition worth $2,171,000 as of its most recent SEC filing.

Separately, Warberg Asset Management LLC acquired a new stake in shares of AlphaTime Acquisition in the 1st quarter valued at about $213,000. 82.24% of the stock is currently owned by institutional investors.

AlphaTime Acquisition Stock Performance

Shares of AlphaTime Acquisition stock opened at $12.56 on Friday. The firm’s 50-day simple moving average is $12.11 and its 200-day simple moving average is $11.96. AlphaTime Acquisition Corp. has a 1 year low of $11.28 and a 1 year high of $13.74.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of AlphaTime Acquisition in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, AlphaTime Acquisition presently has an average rating of “Sell”.

About AlphaTime Acquisition

AlphaTime Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.