Berenson Acquisition Corp. I (NYSE:BACA) Shares Down 0.1%

Posted by ABMN Staff on Apr 19th, 2024

Berenson Acquisition Corp. I (NYSE:BACA – Get Free Report) shares dropped 0.1% on Thursday . The stock traded as low as $10.34 and last traded at $10.38. Approximately 43,850 shares were traded during mid-day trading, an increase of 816% from the average daily volume of 4,788 shares. The stock had previously closed at $10.39.

Berenson Acquisition Corp. I Price Performance

The firm’s 50 day moving average price is $10.31 and its two-hundred day moving average price is $10.29.

Hedge Funds Weigh In On Berenson Acquisition Corp. I

Several hedge funds have recently bought and sold shares of the company. Cowen AND Company LLC purchased a new position in Berenson Acquisition Corp. I during the fourth quarter valued at approximately $2,012,000. Robinson Capital Management LLC raised its holdings in Berenson Acquisition Corp. I by 98.9% during the 4th quarter. Robinson Capital Management LLC now owns 67,290 shares of the company’s stock valued at $690,000 after buying an additional 33,462 shares during the last quarter. Atalaya Capital Management LP bought a new stake in Berenson Acquisition Corp. I during the 3rd quarter valued at $1,580,000. Toroso Investments LLC raised its holdings in Berenson Acquisition Corp. I by 48.1% during the 1st quarter. Toroso Investments LLC now owns 40,000 shares of the company’s stock valued at $408,000 after buying an additional 12,996 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in Berenson Acquisition Corp. I during the 1st quarter valued at $3,570,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

About Berenson Acquisition Corp. I

(Get Free Report)

Berenson Acquisition Corp. I does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on identifying business combination targets in the software and technology-enabled services industry.