Bleichroeder Acquisition Corp. I $BACQ Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC decreased its stake in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) by 24.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 341,697 shares of the company’s stock after selling 107,627 shares during the period. Wolverine Asset Management LLC owned 1.01% of Bleichroeder Acquisition Corp. I worth $3,554,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BACQ. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bleichroeder Acquisition Corp. I in the 2nd quarter valued at about $4,648,000. Meteora Capital LLC acquired a new position in shares of Bleichroeder Acquisition Corp. I in the second quarter valued at approximately $25,674,000. Wealthspring Capital LLC purchased a new stake in Bleichroeder Acquisition Corp. I in the 2nd quarter worth approximately $1,810,000. BCK Capital Management LP acquired a new position in Bleichroeder Acquisition Corp. I in the 2nd quarter valued at $1,031,000. Finally, Berkley W R Corp lifted its stake in shares of Bleichroeder Acquisition Corp. I by 121.3% during the 2nd quarter. Berkley W R Corp now owns 1,211,019 shares of the company’s stock worth $12,486,000 after purchasing an additional 663,884 shares during the period.

Wall Street Analysts Forecast Growth

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

Bleichroeder Acquisition Corp. I Stock Performance

Bleichroeder Acquisition Corp. I stock opened at $10.74 on Friday. Bleichroeder Acquisition Corp. I has a 12 month low of $9.89 and a 12 month high of $13.21. The stock’s 50-day moving average is $10.76 and its 200-day moving average is $10.63.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.00 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.