118,195 Shares in FG Merger II Corp. $FGMC Bought by Bluefin Capital Management LLC

Bluefin Capital Management LLC acquired a new stake in FG Merger II Corp. (NASDAQ:FGMC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 118,195 shares of the company’s stock, valued at approximately $1,167,000. FG Merger II comprises approximately 0.9% of Bluefin Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Bluefin Capital Management LLC owned about 4.55% of FG Merger II as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new position in shares of FG Merger II during the 2nd quarter worth about $115,000. Crossingbridge Advisors LLC acquired a new stake in shares of FG Merger II in the 2nd quarter valued at approximately $242,000. Wolverine Asset Management LLC bought a new position in FG Merger II during the 2nd quarter worth approximately $277,000. Highbridge Capital Management LLC acquired a new position in FG Merger II during the second quarter valued at approximately $954,000. Finally, ATW Spac Management LLC acquired a new position in FG Merger II during the first quarter valued at approximately $977,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of FG Merger II in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

FG Merger II Price Performance

NASDAQ:FGMC opened at $10.02 on Friday. The business’s 50-day simple moving average is $10.02 and its 200-day simple moving average is $9.95. FG Merger II Corp. has a fifty-two week low of $9.53 and a fifty-two week high of $10.10. The stock has a market capitalization of $26.05 million and a PE ratio of 1,002.00.

FG Merger II (NASDAQ:FGMC) last announced its earnings results on Wednesday, November 5th. The company reported $0.01 EPS for the quarter.

About FG Merger II

FG Merger II Corp. is a blank check company 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 September 20, 2023 and is headquartered in Itasca, IL.