Wolverine Asset Management LLC Buys 279,179 Shares of Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO)

Wolverine Asset Management LLC grew its holdings in Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) by 111.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 529,834 shares of the company’s stock after purchasing an additional 279,179 shares during the period. Wolverine Asset Management LLC’s holdings in Patria Latin American Opportunity Acquisition were worth $5,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Westchester Capital Management LLC raised its holdings in shares of Patria Latin American Opportunity Acquisition by 23.1% in the third quarter. Westchester Capital Management LLC now owns 1,343,137 shares of the company’s stock valued at $14,761,000 after purchasing an additional 252,464 shares during the last quarter. Periscope Capital Inc. raised its holdings in shares of Patria Latin American Opportunity Acquisition by 14.2% in the third quarter. Periscope Capital Inc. now owns 571,152 shares of the company’s stock valued at $6,277,000 after purchasing an additional 71,152 shares during the last quarter. Cowen AND Company LLC raised its holdings in shares of Patria Latin American Opportunity Acquisition by 356.2% in the third quarter. Cowen AND Company LLC now owns 487,425 shares of the company’s stock valued at $5,357,000 after purchasing an additional 380,586 shares during the last quarter. Shaolin Capital Management LLC raised its holdings in shares of Patria Latin American Opportunity Acquisition by 179.2% in the third quarter. Shaolin Capital Management LLC now owns 475,000 shares of the company’s stock valued at $5,220,000 after purchasing an additional 1,075,000 shares during the last quarter. Finally, BCK Capital Management LP acquired a new stake in shares of Patria Latin American Opportunity Acquisition in the third quarter valued at approximately $816,000. 72.25% of the stock is currently owned by institutional investors and hedge funds.

Patria Latin American Opportunity Acquisition Price Performance

Shares of NASDAQ PLAO remained flat at $11.33 during midday trading on Tuesday. 1,240 shares of the stock were exchanged, compared to its average volume of 76,305. Patria Latin American Opportunity Acquisition Corp. has a 12 month low of $10.58 and a 12 month high of $11.97. The stock has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $11.15.

Patria Latin American Opportunity Acquisition Company Profile

Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, ordinary shares purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.