Wolverine Asset Management LLC Acquires 189,661 Shares of Rigel Resource Acquisition Corp. (NYSE:RRAC)

Wolverine Asset Management LLC lifted its stake in Rigel Resource Acquisition Corp. (NYSE:RRAC) by 129.9% during the third quarter, HoldingsChannel.com reports. The firm owned 335,671 shares of the company’s stock after purchasing an additional 189,661 shares during the quarter. Wolverine Asset Management LLC’s holdings in Rigel Resource Acquisition were worth $3,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in Rigel Resource Acquisition during the first quarter valued at $267,000. Mizuho Securities USA LLC increased its holdings in shares of Rigel Resource Acquisition by 20.8% during the first quarter. Mizuho Securities USA LLC now owns 1,814,369 shares of the company’s stock valued at $20,212,000 after acquiring an additional 312,617 shares in the last quarter. Finally, Berkley W R Corp raised its position in shares of Rigel Resource Acquisition by 66.5% in the 1st quarter. Berkley W R Corp now owns 1,980,247 shares of the company’s stock worth $22,119,000 after purchasing an additional 791,216 shares during the last quarter. Hedge funds and other institutional investors own 71.85% of the company’s stock.

Rigel Resource Acquisition Trading Down 0.2 %

Shares of Rigel Resource Acquisition stock opened at $11.50 on Monday. Rigel Resource Acquisition Corp. has a 1 year low of $10.92 and a 1 year high of $12.75. The firm’s 50-day moving average is $11.49 and its 200 day moving average is $11.39.

Rigel Resource Acquisition Company Profile

Rigel Resource Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies primarily in the mining industry.