Berkley W R Corp Makes New Investment in Swiftmerge Acquisition Corp. (NASDAQ:IVCP)

Berkley W R Corp bought a new position in shares of Swiftmerge Acquisition Corp. (NASDAQ:IVCP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 106,444 shares of the company’s stock, valued at approximately $1,160,000. Berkley W R Corp owned 1.56% of Swiftmerge Acquisition as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Swiftmerge Acquisition during the first quarter worth about $562,000. Wolverine Asset Management LLC bought a new position in Swiftmerge Acquisition during the second quarter worth about $122,000. Quarry LP bought a new position in Swiftmerge Acquisition during the fourth quarter worth about $6,049,000. Finally, Sandia Investment Management LP bought a new position in Swiftmerge Acquisition during the first quarter worth about $1,349,000. Institutional investors own 38.10% of the company’s stock.

Swiftmerge Acquisition Stock Performance

IVCP stock opened at $11.05 on Tuesday. The firm has a 50 day moving average of $11.02 and a 200-day moving average of $10.92. Swiftmerge Acquisition Corp. has a 12 month low of $10.40 and a 12 month high of $12.20. The firm has a market capitalization of $75.58 million, a P/E ratio of 78.93 and a beta of 0.02.

Swiftmerge Acquisition (NASDAQ:IVCP) last released its quarterly earnings data on Thursday, August 29th. The company reported ($0.05) 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.