Clover Leaf Capital (NASDAQ:CLOE) Stock Price Down 1.5% – Here’s What Happened

Shares of Clover Leaf Capital Corp. (NASDAQ:CLOE) fell 1.5% during mid-day trading on Monday . The stock traded as low as $12.30 and last traded at $12.30. 1,403 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 2,731 shares. The stock had previously closed at $12.49.

Clover Leaf Capital Stock Performance

The firm has a market capitalization of $61.01 million, a P/E ratio of -53.48 and a beta of 0.07. The firm has a 50-day moving average of $12.48 and a 200-day moving average of $12.33.

Hedge Funds Weigh In On Clover Leaf Capital

A hedge fund recently raised its stake in Clover Leaf Capital stock. Clear Street LLC increased its stake in shares of Clover Leaf Capital Corp. (NASDAQ:CLOE) by 44.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,712 shares of the company’s stock after purchasing an additional 22,391 shares during the period. Clover Leaf Capital makes up 0.0% of Clear Street LLC’s investment portfolio, making the stock its 27th largest holding. Clear Street LLC owned 1.37% of Clover Leaf Capital worth $887,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 18.53% of the company’s stock.

Clover Leaf Capital Company Profile

Clover Leaf Capital Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, and other business combination with one or more businesses. It intends to acquire companies operating in the cannabis industry.