Blue Acquisition Corp/Cayman $BACC Position Increased by Berkley W R Corp

Berkley W R Corp lifted its holdings in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACC) by 40.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 441,650 shares of the company’s stock after buying an additional 127,428 shares during the period. Berkley W R Corp’s holdings in Blue Acquisition Corp/Cayman were worth $4,509,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Meteora Capital LLC bought a new stake in Blue Acquisition Corp/Cayman in the 4th quarter valued at about $136,000. Stoic Point Capital Management LLC bought a new position in Blue Acquisition Corp/Cayman during the 4th quarter valued at $255,000. HRT Financial LP bought a new position in Blue Acquisition Corp/Cayman during the fourth quarter valued at about $318,000. Heights Capital Management Inc. acquired a new position in shares of Blue Acquisition Corp/Cayman in the 4th quarter worth approximately $342,000. Finally, Boothbay Fund Management LLC acquired a new position in Blue Acquisition Corp/Cayman in the fourth quarter worth approximately $464,000.

Analyst Ratings Changes

Several brokerages recently commented on BACC. Weiss Ratings raised shares of Blue Acquisition Corp/Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Blue Acquisition Corp/Cayman to a “hold” rating in a report on Saturday. Finally, Odeon Capital Group raised Blue Acquisition Corp/Cayman to a “strong-buy” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Blue Acquisition Corp/Cayman Stock Performance

Shares of BACC opened at $10.46 on Monday. The stock has a 50 day simple moving average of $10.54. Blue Acquisition Corp/Cayman has a one year low of $9.95 and a one year high of $11.10.

Blue Acquisition Corp/Cayman (NASDAQ:BACC) last issued its quarterly 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.