Calamos Advisors LLC purchased a new stake in Blue Acquisition Corp/Cayman (NASDAQ:BACC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 123,189 shares of the company's stock, valued at approximately $1,292,000. Calamos Advisors LLC owned approximately 0.44% of Blue Acquisition Corp/Cayman as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Berkley W R Corp raised its position in Blue Acquisition Corp/Cayman by 40.6% in the 1st quarter. Berkley W R Corp now owns 441,650 shares of the company's stock valued at $4,509,000 after purchasing an additional 127,428 shares during the last quarter. Harraden Circle Investments LLC acquired a new stake in shares of Blue Acquisition Corp/Cayman in the second quarter valued at $11,286,000. Finally, Sona Asset Management US LLC increased its stake in shares of Blue Acquisition Corp/Cayman by 70.5% in the first quarter. Sona Asset Management US LLC now owns 3,342,359 shares of the company's stock valued at $34,125,000 after buying an additional 1,382,174 shares in the last quarter.
Blue Acquisition Corp/Cayman Price Performance
Shares of NASDAQ BACC opened at $10.47 on Tuesday. The company's fifty day moving average is $10.48 and its 200-day moving average is $10.40. Blue Acquisition Corp/Cayman has a twelve month low of $10.09 and a twelve month high of $11.10.
Blue Acquisition Corp/Cayman (NASDAQ:BACC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter.
Wall Street Analyst Weigh In
BACC has been the subject of a number of research analyst reports. Weiss Ratings raised Blue Acquisition Corp/Cayman from a "sell (d-)" rating to a "sell (d)" rating in a report on Tuesday, September 1st. Wall Street Zen raised shares of Blue Acquisition Corp/Cayman to a "hold" rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".
Check Out Our Latest Research Report on BACC
About Blue Acquisition Corp/Cayman
(
Free Report)
Blue Acquisition Corp. is a Cayman Islands-incorporated special purpose acquisition company (SPAC) that was formed to pursue a business combination with one or more operating companies. Its potential transaction structures may include a merger, share exchange, asset acquisition, share purchase, reorganization or similar corporate combination.
As a blank-check company, Blue Acquisition Corp. does not have significant operating activities, products or services of its own. Its principal activities consist of organizational work, raising capital and identifying a suitable acquisition target.
The company's operations are focused on evaluating opportunities that could provide access to a business or assets through a future transaction.
Further Reading
Want to see what other hedge funds are holding BACC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Acquisition Corp/Cayman (NASDAQ:BACC - Free Report).
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