Polar Asset Management Partners Inc. Sells 1,411,600 Shares of D. Boral ARC Acquisition I Corp. $BCAR

Polar Asset Management Partners Inc. lowered its holdings in D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) by 74.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,064 shares of the company’s stock after selling 1,411,600 shares during the period. Polar Asset Management Partners Inc.’s holdings in D. Boral ARC Acquisition I were worth $4,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BCAR. Jane Street Group LLC purchased a new position in D. Boral ARC Acquisition I in the 4th quarter valued at approximately $127,000. Heights Capital Management Inc. bought a new position in shares of D. Boral ARC Acquisition I in the fourth quarter worth $248,000. PenderFund Capital Management Ltd. purchased a new position in shares of D. Boral ARC Acquisition I in the fourth quarter valued at $295,000. ABC Arbitrage SA bought a new stake in shares of D. Boral ARC Acquisition I during the 4th quarter valued at $351,000. Finally, Stoic Point Capital Management LLC bought a new stake in shares of D. Boral ARC Acquisition I during the 4th quarter valued at $531,000. 4.33% of the stock is owned by institutional investors.

D. Boral ARC Acquisition I Price Performance

BCAR opened at $10.35 on Monday. D. Boral ARC Acquisition I Corp. has a one year low of $9.88 and a one year high of $11.17. The firm’s fifty day moving average price is $10.57.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of D. Boral ARC Acquisition I in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

D. Boral ARC Acquisition I Company 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.