Berkley W R Corp increased its holdings in shares of M3-Brigade Acquisition V Corp. (NASDAQ:MBAV – Free Report) by 272.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 449,128 shares of the company’s stock after purchasing an additional 328,492 shares during the period. Berkley W R Corp owned approximately 1.25% of M3-Brigade Acquisition V worth $4,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sandia Investment Management LP acquired a new stake in M3-Brigade Acquisition V during the 2nd quarter worth about $334,000. Clear Street LLC lifted its holdings in shares of M3-Brigade Acquisition V by 2,280.8% in the 2nd quarter. Clear Street LLC now owns 32,069 shares of the company’s stock valued at $362,000 after buying an additional 30,722 shares during the period. Radcliffe Capital Management L.P. purchased a new stake in shares of M3-Brigade Acquisition V in the third quarter worth about $544,000. Bluefin Capital Management LLC purchased a new stake in shares of M3-Brigade Acquisition V in the second quarter worth about $690,000. Finally, JPMorgan Chase & Co. acquired a new stake in M3-Brigade Acquisition V during the second quarter worth about $900,000.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Wall Street Zen upgraded M3-Brigade Acquisition V to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of M3-Brigade Acquisition V in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, M3-Brigade Acquisition V currently has an average rating of “Sell”.
Insider Buying and Selling at M3-Brigade Acquisition V
In other M3-Brigade Acquisition V news, major shareholder Fitzgerald & Co. Cantor purchased 3,529,081 shares of M3-Brigade Acquisition V stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average price of $10.80 per share, with a total value of $38,114,074.80. Following the acquisition, the insider owned 7,779,865 shares of the company’s stock, valued at $84,022,542. This trade represents a 83.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
M3-Brigade Acquisition V Price Performance
MBAV stock opened at $10.70 on Friday. The company’s 50-day simple moving average is $10.67 and its 200-day simple moving average is $10.62. M3-Brigade Acquisition V Corp. has a 52-week low of $10.19 and a 52-week high of $13.73.
About M3-Brigade Acquisition V
M3-Brigade Acquisition V is a special purpose acquisition company (SPAC) sponsored by M3 Inc, a global healthcare information and technology provider, and Brigade Capital Management, an investment management firm. The company is structured as a blank‐check vehicle listed on the Nasdaq Stock Market under the ticker MBAV, with the objective of identifying and completing a business combination in the healthcare, life sciences or related sectors.
The company benefits from the operational expertise of M3’s digital health platform and real‐world data capabilities, combined with Brigade’s deep experience in credit and asset management.
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