Wolverine Asset Management LLC Grows Stock Position in Kernel Group Holdings, Inc. (NASDAQ:KRNL)

Wolverine Asset Management LLC lifted its holdings in Kernel Group Holdings, Inc. (NASDAQ:KRNL) by 22.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,930 shares of the company’s stock after purchasing an additional 86,805 shares during the period. Wolverine Asset Management LLC owned about 3.38% of Kernel Group worth $5,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KRNL. TrueMark Investments LLC purchased a new stake in Kernel Group during the 4th quarter worth approximately $113,000. Shaolin Capital Management LLC purchased a new stake in shares of Kernel Group in the third quarter valued at approximately $3,183,000. Cowen AND Company LLC purchased a new stake in shares of Kernel Group in the third quarter valued at approximately $3,528,000. Periscope Capital Inc. grew its position in shares of Kernel Group by 19.3% in the third quarter. Periscope Capital Inc. now owns 500,000 shares of the company’s stock valued at $5,305,000 after purchasing an additional 80,882 shares in the last quarter. Finally, Spartan Fund Management Inc. purchased a new stake in shares of Kernel Group in the third quarter valued at approximately $2,650,000. Hedge funds and other institutional investors own 44.40% of the company’s stock.

Kernel Group Price Performance

Kernel Group stock remained flat at $10.94 during mid-day trading on Wednesday. Kernel Group Holdings, Inc. has a 12 month low of $10.19 and a 12 month high of $11.07. The business’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.74.

Kernel Group Profile

Kernel Group Holdings, Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It intends to identify, acquire, and manage a business in the commerce enablement, supply chain, logistics and related technology infrastructure sectors.