FNY Investment Advisers LLC Increases Stock Position in D. Boral ARC Acquisition I Corp. $BCAR

FNY Investment Advisers LLC raised its stake in shares of D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) by 218.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 288,889 shares of the company’s stock after acquiring an additional 198,218 shares during the period. D. Boral ARC Acquisition I makes up 1.1% of FNY Investment Advisers LLC’s holdings, making the stock its 14th biggest holding. FNY Investment Advisers LLC’s holdings in D. Boral ARC Acquisition I were worth $3,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in BCAR. Meteora Capital LLC boosted its position in shares of D. Boral ARC Acquisition I by 1,288.5% during the 4th quarter. Meteora Capital LLC now owns 1,928,291 shares of the company’s stock worth $19,341,000 after purchasing an additional 1,789,416 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in D. Boral ARC Acquisition I in the fourth quarter valued at approximately $5,015,000. Magnetar Financial LLC purchased a new stake in D. Boral ARC Acquisition I in the fourth quarter valued at approximately $4,764,000. Wolverine Asset Management LLC lifted its stake in D. Boral ARC Acquisition I by 33.5% during the fourth quarter. Wolverine Asset Management LLC now owns 1,134,863 shares of the company’s stock worth $11,383,000 after purchasing an additional 284,863 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in D. Boral ARC Acquisition I during the fourth quarter worth $2,758,000. 4.33% of the stock is owned by hedge funds and other institutional investors.

D. Boral ARC Acquisition I Stock Up 8.0%

BCAR opened at $4.75 on Friday. D. Boral ARC Acquisition I Corp. has a 12 month low of $4.00 and a 12 month high of $11.17. The business’s fifty day moving average is $9.57.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.07 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered D. Boral ARC Acquisition I from a “sell (e+)” rating to a “sell (e)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

D. Boral ARC Acquisition I Profile

D. Boral ARC Acquisition I (NASDAQ: BCAR) is a special purpose acquisition company (SPAC), commonly referred to as a blank?check company, formed to raise capital through a public offering and to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. As a SPAC, its primary activity is identifying and negotiating a business combination rather than conducting commercial operations itself.

Publicly available disclosures do not identify a confirmed target company, a specific industry focus or detailed information about the company’s leadership and sponsors in widely accessible sources.