Wolverine Asset Management LLC Sells 701,224 Shares of RF Acquisition Corp II $RFAI

Wolverine Asset Management LLC trimmed its holdings in shares of RF Acquisition Corp II (NASDAQ:RFAI) by 82.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 150,750 shares of the company’s stock after selling 701,224 shares during the period. Wolverine Asset Management LLC’s holdings in RF Acquisition Corp II were worth $1,625,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in RFAI. Radcliffe Capital Management L.P. bought a new position in shares of RF Acquisition Corp II during the 3rd quarter worth about $323,000. Shaolin Capital Management LLC bought a new position in shares of RF Acquisition Corp II during the 3rd quarter worth about $940,000. Berkley W R Corp boosted its position in shares of RF Acquisition Corp II by 24.2% during the 3rd quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock worth $10,072,000 after purchasing an additional 183,030 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of RF Acquisition Corp II during the 3rd quarter worth about $132,000.

RF Acquisition Corp II Stock Performance

Shares of NASDAQ:RFAI opened at $10.96 on Wednesday. The stock’s fifty day simple moving average is $10.93 and its two-hundred day simple moving average is $10.83. RF Acquisition Corp II has a 1-year low of $10.45 and a 1-year high of $11.44.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of RF Acquisition Corp II in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

RF Acquisition Corp II Profile

RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.