Radcliffe Capital Management L.P. Boosts Stock Position in Bleichroeder Acquisition Corp. I $BACQ

Radcliffe Capital Management L.P. raised its holdings in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) by 628.0% during the third quarter, Holdings Channel reports. The institutional investor owned 912,239 shares of the company’s stock after buying an additional 786,939 shares during the period. Bleichroeder Acquisition Corp. I makes up about 0.6% of Radcliffe Capital Management L.P.’s holdings, making the stock its 20th largest position. Radcliffe Capital Management L.P.’s holdings in Bleichroeder Acquisition Corp. I were worth $9,487,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Clear Street LLC boosted its position in shares of Bleichroeder Acquisition Corp. I by 21,750.7% during the 2nd quarter. Clear Street LLC now owns 50,038 shares of the company’s stock worth $516,000 after acquiring an additional 49,809 shares in the last quarter. Readystate Asset Management LP acquired a new stake in shares of Bleichroeder Acquisition Corp. I during the 3rd quarter worth about $916,000. BCK Capital Management LP raised its position in shares of Bleichroeder Acquisition Corp. I by 20.5% during the 3rd quarter. BCK Capital Management LP now owns 120,531 shares of the company’s stock worth $1,254,000 after acquiring an additional 20,531 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Bleichroeder Acquisition Corp. I during the second quarter worth approximately $3,102,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Bleichroeder Acquisition Corp. I during the second quarter worth approximately $4,648,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Bleichroeder Acquisition Corp. I has a consensus rating of “Sell”.

Bleichroeder Acquisition Corp. I Price Performance

Shares of BACQ opened at $8.34 on Friday. Bleichroeder Acquisition Corp. I has a 1-year low of $7.76 and a 1-year high of $13.21. The firm has a fifty day moving average price of $10.42 and a 200 day moving average price of $10.62.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter.

Bleichroeder Acquisition Corp. I Company Profile

Bleichroeder Acquisition Corp. I is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company does not presently have operations of its own and intends to seek opportunities primarily in sectors where its sponsor, Bleichroeder & Co, holds expertise, including financial services, industrials and technology.

The company’s strategy involves raising capital through an initial public offering (IPO) to finance acquisition targets and working closely with management teams to drive growth and operational improvements.