Wolverine Asset Management LLC Purchases New Stake in Emmis Acquisition Corp. $EMIS

Wolverine Asset Management LLC purchased a new stake in shares of Emmis Acquisition Corp. (NASDAQ:EMIS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 490,026 shares of the company’s stock, valued at approximately $4,876,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Emmis Acquisition in a research report on Tuesday, January 27th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Emmis Acquisition Price Performance

Shares of EMIS opened at $10.12 on Monday. The stock’s fifty day moving average is $10.06. Emmis Acquisition Corp. has a 12 month low of $9.90 and a 12 month high of $10.12.

Emmis Acquisition Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.