Wolverine Asset Management LLC Decreases Position in GSR III Acquisition Corp. $GSRT

Wolverine Asset Management LLC trimmed its position in shares of GSR III Acquisition Corp. (NASDAQ:GSRT) by 93.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,050 shares of the company’s stock after selling 994,397 shares during the quarter. Wolverine Asset Management LLC’s holdings in GSR III Acquisition were worth $745,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in GSR III Acquisition during the first quarter worth $651,000. Tuttle Capital Management LLC purchased a new stake in shares of GSR III Acquisition in the second quarter valued at $378,000. Gritstone Asset Management LLC purchased a new stake in shares of GSR III Acquisition in the second quarter valued at $302,000. Huntleigh Advisors Inc. purchased a new stake in shares of GSR III Acquisition in the second quarter valued at $291,000. Finally, Linden Advisors LP purchased a new stake in shares of GSR III Acquisition in the first quarter valued at $10,020,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on GSRT. Benchmark began coverage on GSR III Acquisition in a research report on Tuesday, August 12th. They issued a “buy” rating and a $19.00 price objective on the stock. Zacks Research upgraded GSR III Acquisition to a “hold” rating in a research report on Tuesday, October 7th. Roth Capital began coverage on GSR III Acquisition in a research report on Tuesday, September 23rd. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of GSR III Acquisition in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.50.

GSR III Acquisition Stock Performance

Shares of NASDAQ:GSRT opened at $15.52 on Friday. The business has a 50-day moving average of $12.30 and a two-hundred day moving average of $11.17. GSR III Acquisition Corp. has a 12 month low of $8.82 and a 12 month high of $15.62.

About GSR III Acquisition

GSR III Acquisition Corp engages in the merger, share exchange, asset acquisition, share purchase or reorganization with one or more businesses. The company was founded on May 10, 2023 and is headquartered in Austin, Texas.