Sculptor Capital LP trimmed its holdings in D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR – Free Report) by 33.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the company’s stock after selling 250,000 shares during the period. Sculptor Capital LP’s holdings in D. Boral ARC Acquisition I were worth $5,060,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. StoneX Group Inc. increased its position in shares of D. Boral ARC Acquisition I by 4.5% during the fourth quarter. StoneX Group Inc. now owns 78,393 shares of the company’s stock worth $786,000 after acquiring an additional 3,393 shares in the last quarter. Berkley W R Corp lifted its position in D. Boral ARC Acquisition I by 1.7% in the 1st quarter. Berkley W R Corp now owns 226,854 shares of the company’s stock valued at $2,296,000 after acquiring an additional 3,686 shares in the last quarter. Jane Street Group LLC acquired a new position in D. Boral ARC Acquisition I during the 4th quarter valued at about $127,000. Heights Capital Management Inc. acquired a new position in D. Boral ARC Acquisition I during the 4th quarter valued at about $248,000. Finally, PenderFund Capital Management Ltd. bought a new stake in D. Boral ARC Acquisition I during the 4th quarter worth approximately $295,000. 4.33% of the stock is owned by institutional investors.
D. Boral ARC Acquisition I Price Performance
Shares of BCAR opened at $10.35 on Monday. The firm’s 50 day simple moving average is $10.57. D. Boral ARC Acquisition I Corp. has a 12 month low of $9.88 and a 12 month high of $11.17.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of D. Boral ARC Acquisition I in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, D. Boral ARC Acquisition I currently has a consensus rating of “Sell”.
Read Our Latest Report on BCAR
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.
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