Berkley W R Corp Purchases 78,003 Shares of Swiftmerge Acquisition Corp. (NASDAQ:IVCP)

Berkley W R Corp increased its position in shares of Swiftmerge Acquisition Corp. (NASDAQ:IVCP - Free Report) by 73.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,447 shares of the company's stock after acquiring an additional 78,003 shares during the quarter. Berkley W R Corp owned about 2.70% of Swiftmerge Acquisition worth $2,034,000 at the end of the most recent quarter.

Separately, Wolverine Asset Management LLC bought a new stake in Swiftmerge Acquisition during the 2nd quarter worth about $122,000. Institutional investors and hedge funds own 38.10% of the company's stock.

Swiftmerge Acquisition Stock Performance

Shares of NASDAQ IVCP remained flat at $11.28 during mid-day trading on Friday. 230 shares of the stock traded hands, compared to its average volume of 2,983. Swiftmerge Acquisition Corp. has a one year low of $10.58 and a one year high of $12.20. The company has a 50 day simple moving average of $11.09 and a two-hundred day simple moving average of $11.01. The stock has a market capitalization of $77.16 million, a PE ratio of -564.00 and a beta of 0.02.

Swiftmerge Acquisition (NASDAQ:IVCP - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported ($0.05) earnings per share (EPS) for the quarter.

Swiftmerge Acquisition Company Profile

Swiftmerge Acquisition Corp. 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 West Vancouver, Canada.