Virtu Financial LLC Decreases Stock Holdings in Blue Acquisition Corp/Cayman $BACC

Virtu Financial LLC lowered its holdings in Blue Acquisition Corp/Cayman (NASDAQ:BACC) by 54.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,369 shares of the company’s stock after selling 79,585 shares during the period. Virtu Financial LLC’s holdings in Blue Acquisition Corp/Cayman were worth $678,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Alberta Investment Management Corp acquired a new position in shares of Blue Acquisition Corp/Cayman during the 4th quarter valued at $7,147,000. MYDA Advisors LLC acquired a new stake in Blue Acquisition Corp/Cayman in the 4th quarter valued at $756,000. Governors Lane LP increased its holdings in Blue Acquisition Corp/Cayman by 50.0% in the 4th quarter. Governors Lane LP now owns 300,000 shares of the company’s stock valued at $3,063,000 after purchasing an additional 100,000 shares in the last quarter. Radcliffe Capital Management L.P. raised its position in Blue Acquisition Corp/Cayman by 9.4% in the fourth quarter. Radcliffe Capital Management L.P. now owns 524,100 shares of the company’s stock valued at $5,351,000 after purchasing an additional 44,880 shares during the period. Finally, Sona Asset Management US LLC purchased a new position in Blue Acquisition Corp/Cayman in the fourth quarter valued at about $20,013,000.

Blue Acquisition Corp/Cayman Stock Performance

BACC opened at $10.42 on Tuesday. The firm’s 50 day moving average price is $10.37. Blue Acquisition Corp/Cayman has a 52-week low of $9.95 and a 52-week high of $10.50.

Blue Acquisition Corp/Cayman (NASDAQ:BACC) last announced its earnings results on Monday, May 11th. The company reported $0.07 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised Blue Acquisition Corp/Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blue Acquisition Corp/Cayman presently has a consensus rating of “Sell”.

About Blue Acquisition Corp/Cayman

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.