DLD Asset Management LP Buys 266,667 Shares of D. Boral ARC Acquisition I Corp. $BCAR

DLD Asset Management LP raised its stake in D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) by 200.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the company’s stock after purchasing an additional 266,667 shares during the period. D. Boral ARC Acquisition I accounts for approximately 0.4% of DLD Asset Management LP’s investment portfolio, making the stock its 29th biggest position. DLD Asset Management LP’s holdings in D. Boral ARC Acquisition I were worth $4,048,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of D. Boral ARC Acquisition I during the 4th quarter worth about $127,000. Heights Capital Management Inc. acquired a new position in D. Boral ARC Acquisition I in the 4th quarter valued at about $248,000. PenderFund Capital Management Ltd. bought a new position in D. Boral ARC Acquisition I in the 4th quarter valued at about $295,000. ABC Arbitrage SA bought a new position in D. Boral ARC Acquisition I in the 4th quarter valued at about $351,000. Finally, Stoic Point Capital Management LLC acquired a new stake in D. Boral ARC Acquisition I during the fourth quarter worth approximately $531,000. Institutional investors and hedge funds own 4.33% of the company’s stock.

D. Boral ARC Acquisition I Stock Performance

BCAR stock opened at $10.36 on Thursday. D. Boral ARC Acquisition I Corp. has a fifty-two week low of $9.88 and a fifty-two week high of $11.17. The stock’s fifty day moving average price is $10.58.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last announced its earnings results on Friday, May 15th. The company reported $0.07 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of D. Boral ARC Acquisition I in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

D. Boral ARC Acquisition I Profile

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.