Berkley W R Corp Boosts Stock Position in Charlton Aria Acquisition Corp $CHAR

Berkley W R Corp raised its holdings in Charlton Aria Acquisition Corp (NASDAQ:CHAR) by 19.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 878,975 shares of the company’s stock after buying an additional 142,746 shares during the quarter. Berkley W R Corp’s holdings in Charlton Aria Acquisition were worth $9,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Clear Street Group Inc. grew its stake in Charlton Aria Acquisition by 277.6% in the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock worth $1,222,000 after purchasing an additional 86,000 shares during the period. Glazer Capital LLC raised its stake in shares of Charlton Aria Acquisition by 5.3% in the fourth quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock worth $526,000 after purchasing an additional 2,528 shares during the last quarter. Finally, ABC Arbitrage SA bought a new position in Charlton Aria Acquisition during the fourth quarter valued at approximately $209,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Charlton Aria Acquisition in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Charlton Aria Acquisition Stock Performance

NASDAQ CHAR opened at $10.88 on Monday. The firm’s 50 day moving average is $10.79. Charlton Aria Acquisition Corp has a fifty-two week low of $10.29 and a fifty-two week high of $11.30.

Charlton Aria Acquisition (NASDAQ:CHAR) last issued its quarterly earnings results on Wednesday, June 17th. The company reported $0.06 earnings per share (EPS) for the quarter.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.