Magnetar Financial LLC acquired a new position in shares of D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 475,000 shares of the company’s stock, valued at approximately $4,764,000.
Several other institutional investors also recently modified their holdings of BCAR. Wolverine Asset Management LLC grew its holdings in shares of D. Boral ARC Acquisition I by 33.5% during the 4th quarter. Wolverine Asset Management LLC now owns 1,134,863 shares of the company’s stock worth $11,383,000 after purchasing an additional 284,863 shares in the last quarter. ABC Arbitrage SA acquired a new stake in shares of D. Boral ARC Acquisition I during the 4th quarter worth approximately $351,000. HighTower Advisors LLC acquired a new stake in shares of D. Boral ARC Acquisition I during the 4th quarter worth approximately $1,694,000. Picton Mahoney Asset Management acquired a new stake in shares of D. Boral ARC Acquisition I during the 4th quarter worth approximately $2,758,000. Finally, StoneX Group Inc. grew its holdings in shares of D. Boral ARC Acquisition I by 4.5% during the 4th quarter. StoneX Group Inc. now owns 78,393 shares of the company’s stock worth $786,000 after purchasing an additional 3,393 shares in the last quarter. Institutional investors and hedge funds own 4.33% of the company’s stock.
D. Boral ARC Acquisition I Trading Down 1.0%
Shares of NASDAQ:BCAR opened at $10.66 on Wednesday. D. Boral ARC Acquisition I Corp. has a 1-year low of $9.88 and a 1-year high of $11.17. The stock’s 50 day moving average price is $10.51.
About D. Boral ARC Acquisition I
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.
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