Lineage Point Capital LP Decreases Stock Holdings in Blue Acquisition Corp/Cayman $BACC

Lineage Point Capital LP lessened its stake in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACC) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 382,773 shares of the company’s stock after selling 48,578 shares during the quarter. Lineage Point Capital LP’s holdings in Blue Acquisition Corp/Cayman were worth $4,057,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Meteora Capital LLC bought a new position in Blue Acquisition Corp/Cayman during the fourth quarter valued at approximately $136,000. Stoic Point Capital Management LLC bought a new stake in Blue Acquisition Corp/Cayman in the 4th quarter worth approximately $255,000. HRT Financial LP bought a new stake in Blue Acquisition Corp/Cayman in the 4th quarter worth approximately $318,000. Heights Capital Management Inc. purchased a new stake in Blue Acquisition Corp/Cayman during the 4th quarter valued at $342,000. Finally, Boothbay Fund Management LLC purchased a new stake in Blue Acquisition Corp/Cayman during the 4th quarter valued at $464,000.

Blue Acquisition Corp/Cayman Trading Up 0.1%

BACC opened at $10.51 on Friday. Blue Acquisition Corp/Cayman has a 1-year low of $9.96 and a 1-year high of $11.10. The firm’s 50 day simple moving average is $10.58 and its two-hundred day simple moving average is $10.40.

Blue Acquisition Corp/Cayman (NASDAQ:BACC) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

BACC has been the topic of a number of research reports. Weiss Ratings upgraded Blue Acquisition Corp/Cayman from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday. Odeon Capital Group raised Blue Acquisition Corp/Cayman to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen raised Blue Acquisition Corp/Cayman to a “hold” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Blue Acquisition Corp/Cayman Profile

Blue Acquisition Corp/Cayman (NASDAQ: BACC) is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company. As a blank-check vehicle, its primary business activity is to raise capital through its public listing and use those proceeds to identify, negotiate and complete a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses.

Like other SPACs, Blue Acquisition typically holds the funds raised in trust pending the completion of a qualifying business combination and provides public investors with the opportunity to vote on proposed transactions and to seek redemption of their shares in accordance with the company’s governing documents.