Wolverine Asset Management LLC Raises Stake in SIM Acquisition Corp. I $SIMA

Wolverine Asset Management LLC increased its position in SIM Acquisition Corp. I (NASDAQ:SIMA) by 83.3% in the third quarter, Holdings Channel.com reports. The fund owned 723,945 shares of the company’s stock after acquiring an additional 328,929 shares during the quarter. Wolverine Asset Management LLC’s holdings in SIM Acquisition Corp. I were worth $7,630,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Magnetar Financial LLC bought a new position in SIM Acquisition Corp. I in the 2nd quarter valued at $20,366,000. Picton Mahoney Asset Management raised its position in shares of SIM Acquisition Corp. I by 28.6% in the second quarter. Picton Mahoney Asset Management now owns 1,800,000 shares of the company’s stock worth $18,760,000 after buying an additional 400,000 shares in the last quarter. Meteora Capital LLC bought a new stake in SIM Acquisition Corp. I during the second quarter valued at $9,666,000. Alberta Investment Management Corp bought a new position in SIM Acquisition Corp. I in the 2nd quarter worth about $7,822,000. Finally, Wealthspring Capital LLC raised its holdings in shares of SIM Acquisition Corp. I by 131.4% in the 2nd quarter. Wealthspring Capital LLC now owns 631,296 shares of the company’s stock valued at $6,579,000 after acquiring an additional 358,526 shares in the last quarter.

SIM Acquisition Corp. I Price Performance

Shares of SIM Acquisition Corp. I stock opened at $10.61 on Friday. SIM Acquisition Corp. I has a 12-month low of $10.07 and a 12-month high of $10.66. The company’s fifty day simple moving average is $10.58 and its two-hundred day simple moving average is $10.52.

SIM Acquisition Corp. I (NASDAQ:SIMA) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SIM Acquisition Corp. I in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SIM Acquisition Corp. I currently has an average rating of “Sell”.

SIM Acquisition Corp. I Company Profile

SIM Acquisition Corp. I is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Since completing its initial public offering in March 2021, the company has focused on identifying targets in the technology, digital media, sports, entertainment and consumer sectors.

The proceeds from its IPO are held in a trust account pending shareholder approval of its initial business combination.