D. E. Shaw & Co. Inc. lifted its holdings in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 35.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 576,328 shares of the company's stock after purchasing an additional 151,328 shares during the period. D. E. Shaw & Co. Inc. owned about 2.84% of Melar Acquisition Corp. I worth $5,809,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC purchased a new stake in Melar Acquisition Corp. I during the fourth quarter worth $507,000. Bulldog Investors LLP purchased a new stake in shares of Melar Acquisition Corp. I during the fourth quarter valued at about $1,512,000. Finally, Wolverine Asset Management LLC boosted its holdings in shares of Melar Acquisition Corp. I by 216.1% in the 4th quarter. Wolverine Asset Management LLC now owns 327,172 shares of the company's stock valued at $3,291,000 after buying an additional 223,672 shares in the last quarter.
Melar Acquisition Corp. I Price Performance
Shares of Melar Acquisition Corp. I stock remained flat at $10.33 on Monday. 973 shares of the stock were exchanged, compared to its average volume of 65,427. The firm's 50-day moving average price is $10.28 and its 200 day moving average price is $10.17. Melar Acquisition Corp. I has a 52-week low of $9.95 and a 52-week high of $10.39.
Melar Acquisition Corp. I Profile
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Free Report)
Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.
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