RF Acquisition Corp. (NASDAQ:RFAC) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its stake in shares of RF Acquisition Corp. (NASDAQ:RFAC) by 27.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 240,000 shares of the company’s stock after selling 89,690 shares during the period. Wolverine Asset Management LLC owned 4.12% of RF Acquisition worth $2,698,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Cowen AND Company LLC boosted its position in RF Acquisition by 2.4% during the second quarter. Cowen AND Company LLC now owns 157,687 shares of the company’s stock worth $1,742,000 after acquiring an additional 3,637 shares during the last quarter. 36.55% of the stock is owned by institutional investors.

RF Acquisition Stock Performance

RFAC stock opened at $11.46 on Tuesday. The business has a 50 day simple moving average of $11.26 and a 200-day simple moving average of $11.14. RF Acquisition Corp. has a 1 year low of $10.67 and a 1 year high of $11.46.

About RF Acquisition

RF Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in financial services, media, technology, retail, interpersonal communication, transportation, and education sectors.