Berkley W R Corp Has $6.78 Million Stock Holdings in Melar Acquisition Corp. I $MACI

Key Points

• Berkley W R Corp nearly doubled its stake in Melar Acquisition Corp. I (NASDAQ:MACI) in Q3, adding 322,372 shares to hold 645,820 shares (about 3.19% of the company) valued at approximately $6.78 million.
• Several other institutional investors — including Magnetar Financial, Alberta Investment Management, Radcliffe Capital, BCK Capital and Sandia Investment Management — also initiated or increased positions, collectively representing multi‑million dollar stakes.
• Despite the buying, analyst coverage remains negative with Weiss Ratings and the MarketBeat consensus listing MACI as a Sell.

Berkley W R Corp increased its position in shares of Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 99.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,820 shares of the company's stock after acquiring an additional 322,372 shares during the period. Berkley W R Corp owned about 3.19% of Melar Acquisition Corp. I worth $6,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Sandia Investment Management LP purchased a new position in Melar Acquisition Corp. I in the third quarter valued at about $249,000. BCK Capital Management LP raised its stake in shares of Melar Acquisition Corp. I by 37.7% during the 3rd quarter. BCK Capital Management LP now owns 68,874 shares of the company's stock worth $723,000 after purchasing an additional 18,874 shares in the last quarter. Radcliffe Capital Management L.P. purchased a new stake in shares of Melar Acquisition Corp. I during the 2nd quarter worth about $3,094,000. Alberta Investment Management Corp acquired a new stake in shares of Melar Acquisition Corp. I during the 2nd quarter valued at about $3,412,000. Finally, Magnetar Financial LLC bought a new stake in shares of Melar Acquisition Corp. I in the 2nd quarter valued at approximately $3,861,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Melar Acquisition Corp. I in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

Melar Acquisition Corp. I Stock Up 0.1%

MACI stock opened at $10.74 on Friday. Melar Acquisition Corp. I has a 1 year low of $10.19 and a 1 year high of $10.97. The company has a fifty day simple moving average of $10.70 and a 200 day simple moving average of $10.63.

Melar Acquisition Corp. I Company Profile

Melar Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the symbol MACI. The company was formed to raise capital through an initial public offering and to identify, merge with or acquire one or more businesses with the goal of completing an initial business combination. As a blank check vehicle, Melar Acquisition Corp. I does not currently conduct operations of its own beyond the pursuit of a qualifying transaction.

Upon its IPO, Melar Acquisition Corp.

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