Alberta Investment Management Corp Sells 100,000 Shares of FORUM MERGER II/SH CL A (NASDAQ:FMCI)

Alberta Investment Management Corp lowered its position in FORUM MERGER II/SH CL A (NASDAQ:FMCI) by 28.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 250,000 shares of the company’s stock after selling 100,000 shares during the period. Alberta Investment Management Corp owned about 0.97% of FORUM MERGER II/SH CL A worth $2,573,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. UBS Group AG lifted its stake in FORUM MERGER II/SH CL A by 340.9% in the 4th quarter. UBS Group AG now owns 7,055 shares of the company’s stock worth $72,000 after purchasing an additional 5,455 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in FORUM MERGER II/SH CL A in the 4th quarter worth $132,000. California Public Employees Retirement System purchased a new stake in FORUM MERGER II/SH CL A in the 4th quarter worth $147,000. Stifel Financial Corp purchased a new stake in FORUM MERGER II/SH CL A in the 4th quarter worth $1,277,000. Finally, Sage Rock Capital Management LP purchased a new stake in FORUM MERGER II/SH CL A in the 4th quarter worth $1,338,000. Institutional investors and hedge funds own 72.98% of the company’s stock.

Shares of FMCI stock opened at $10.77 on Friday. The company’s fifty day simple moving average is $10.42 and its two-hundred day simple moving average is $10.30. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.24. FORUM MERGER II/SH CL A has a 52 week low of $9.76 and a 52 week high of $11.28.

FORUM MERGER II/SH CL A Company Profile

Forum Merger II Corporation intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or business combination. The company was founded in 2018 and is based in New York, New York.

Further Reading: Diluted Earnings Per Share

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Institutional Ownership by Quarter for FORUM MERGER II/SH CL A (NASDAQ:FMCI)

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