D. E. Shaw & Co. Inc. raised its position in shares of Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 35.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 576,328 shares of the company's stock after acquiring an additional 151,328 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 2.84% of Melar Acquisition Corp. I worth $5,809,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC raised its holdings in 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 acquiring an additional 223,672 shares during the last quarter. Bulldog Investors LLP purchased a new position in shares of Melar Acquisition Corp. I during the fourth quarter worth $1,512,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Melar Acquisition Corp. I during the 4th quarter worth approximately $507,000.
Melar Acquisition Corp. I Price Performance
Shares of Melar Acquisition Corp. I stock traded up $0.01 during trading on Thursday, hitting $10.34. 200 shares of the stock were exchanged, compared to its average volume of 65,236. Melar Acquisition Corp. I has a 12-month low of $9.95 and a 12-month high of $10.39. The firm's 50-day moving average price is $10.28 and its 200 day moving average price is $10.17.
About Melar Acquisition Corp. I
(
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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