Context Capital Management LLC Sells 244,901 Shares of D. Boral ARC Acquisition I Corp. $BCAR

Context Capital Management LLC cut its holdings in D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) by 40.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,099 shares of the company’s stock after selling 244,901 shares during the period. Context Capital Management LLC’s holdings in D. Boral ARC Acquisition I were worth $3,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Radcliffe Capital Management L.P. grew its stake in D. Boral ARC Acquisition I by 20.7% during the fourth quarter. Radcliffe Capital Management L.P. now owns 549,672 shares of the company’s stock worth $5,513,000 after purchasing an additional 94,323 shares during the period. Wolverine Asset Management LLC boosted its stake in D. Boral ARC Acquisition I by 33.5% during the fourth quarter. Wolverine Asset Management LLC now owns 1,134,863 shares of the company’s stock worth $11,383,000 after acquiring an additional 284,863 shares in the last quarter. Magnetar Financial LLC acquired a new stake in D. Boral ARC Acquisition I in the fourth quarter worth $4,764,000. HighTower Advisors LLC bought a new stake in D. Boral ARC Acquisition I in the fourth quarter valued at $1,694,000. Finally, ABC Arbitrage SA acquired a new position in shares of D. Boral ARC Acquisition I during the fourth quarter valued at about $351,000. 4.33% of the stock is owned by institutional investors and hedge funds.

D. Boral ARC Acquisition I Stock Performance

Shares of BCAR opened at $10.36 on Monday. D. Boral ARC Acquisition I Corp. has a 12-month low of $9.88 and a 12-month high of $11.17. The stock has a fifty day moving average price of $10.59.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last posted its quarterly earnings results 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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About D. Boral ARC Acquisition I

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.