Periscope Capital Inc. Sells 15,000 Shares of SK Growth Opportunities Co. (NASDAQ:SKGR)

Periscope Capital Inc. decreased its stake in SK Growth Opportunities Co. (NASDAQ:SKGR) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,000 shares of the company’s stock after selling 15,000 shares during the period. Periscope Capital Inc.’s holdings in SK Growth Opportunities were worth $988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Glazer Capital LLC purchased a new position in SK Growth Opportunities in the third quarter worth $113,000. FNY Investment Advisers LLC lifted its stake in SK Growth Opportunities by 50.6% during the fourth quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company’s stock worth $1,050,000 after purchasing an additional 30,399 shares during the last quarter. Crossingbridge Advisors LLC purchased a new position in shares of SK Growth Opportunities in the 3rd quarter worth about $1,981,000. Quarry LP increased its position in shares of SK Growth Opportunities by 164.4% during the 3rd quarter. Quarry LP now owns 209,068 shares of the company’s stock valued at $2,370,000 after purchasing an additional 130,000 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of SK Growth Opportunities by 0.8% during the 4th quarter. Wolverine Asset Management LLC now owns 576,627 shares of the company’s stock valued at $6,703,000 after buying an additional 4,561 shares in the last quarter. Hedge funds and other institutional investors own 92.48% of the company’s stock.

SK Growth Opportunities Price Performance

Shares of SKGR opened at $11.70 on Monday. SK Growth Opportunities Co. has a 1 year low of $11.00 and a 1 year high of $12.32. The stock has a 50 day simple moving average of $11.65 and a two-hundred day simple moving average of $11.52. The firm has a market cap of $175.11 million, a P/E ratio of 53.16 and a beta of 0.02.

SK Growth Opportunities Profile

SK Growth Opportunities Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.