Blue Acquisition Corp/Cayman $BACC Shares Sold by Virtu Financial LLC

Virtu Financial LLC lessened its holdings in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACC) by 54.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,369 shares of the company’s stock after selling 79,585 shares during the quarter. Virtu Financial LLC owned approximately 0.24% of Blue Acquisition Corp/Cayman worth $678,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BACC. HRT Financial LP purchased a new stake in shares of Blue Acquisition Corp/Cayman in the fourth quarter valued at $318,000. MYDA Advisors LLC acquired a new stake in Blue Acquisition Corp/Cayman in the 4th quarter worth about $756,000. Verition Fund Management LLC grew its holdings in Blue Acquisition Corp/Cayman by 36.4% in the 4th quarter. Verition Fund Management LLC now owns 375,000 shares of the company’s stock valued at $3,829,000 after buying an additional 100,000 shares during the period. Alberta Investment Management Corp purchased a new stake in Blue Acquisition Corp/Cayman in the 4th quarter valued at about $7,147,000. Finally, Radcliffe Capital Management L.P. increased its stake in shares of Blue Acquisition Corp/Cayman by 9.4% during the 4th quarter. Radcliffe Capital Management L.P. now owns 524,100 shares of the company’s stock valued at $5,351,000 after acquiring an additional 44,880 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Blue Acquisition Corp/Cayman Price Performance

BACC stock opened at $10.42 on Tuesday. The business’s fifty 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 issued its earnings results on Monday, May 11th. The company reported $0.07 earnings per share for the quarter.

Blue Acquisition Corp/Cayman Company 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.