Mizuho Securities Usa Llc Sells 85,000 Shares of Flag Ship Acquisition (NASDAQ:FSHP) Stock

Flag Ship Acquisition Corporation (NASDAQ:FSHP) major shareholder Mizuho Securities Usa Llc sold 85,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $11.23, for a total value of $954,550.00. Following the completion of the transaction, the insider owned 315,000 shares in the company, valued at approximately $3,537,450. This trade represents a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Flag Ship Acquisition Stock Down 0.7%

Shares of NASDAQ:FSHP traded down $0.08 during trading on Tuesday, reaching $11.15. 85,011 shares of the stock were exchanged, compared to its average volume of 19. The firm’s 50-day moving average price is $11.17 and its 200 day moving average price is $11.02. Flag Ship Acquisition Corporation has a 12-month low of $10.50 and a 12-month high of $12.00.

Flag Ship Acquisition (NASDAQ:FSHP) last posted its quarterly earnings results on Friday, May 29th. The company reported $0.05 EPS for the quarter.

Hedge Funds Weigh In On Flag Ship Acquisition

An institutional investor recently bought a new position in Flag Ship Acquisition stock. Toronto Dominion Bank acquired a new stake in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,480 shares of the company’s stock, valued at approximately $37,000. Toronto Dominion Bank owned 0.07% of Flag Ship Acquisition as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Flag Ship Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Flag Ship Acquisition Company Profile

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.