DLD Asset Management LP Takes Position in Bleichroeder Acquisition Corp. I $BACQ

Key Points

• DLD Asset Management LP acquired 124,673 shares of Bleichroeder Acquisition Corp. I, valued at approximately $1,248,000, representing about 0.37% of the company.
• Other institutional investors, including Mirae Asset Global Investments and Wolverine Asset Management, also increased their stakes in Bleichroeder Acquisition Corp. I during the first quarter.
• Bleichroeder Acquisition Corp. I's current stock price is $10.38, with a twelve-month range between $9.80 and $10.55.

DLD Asset Management LP bought a new position in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 124,673 shares of the company's stock, valued at approximately $1,248,000. DLD Asset Management LP owned 0.37% of Bleichroeder Acquisition Corp. I as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC purchased a new stake in Bleichroeder Acquisition Corp. I in the first quarter worth about $2,799,000. Wolverine Asset Management LLC lifted its stake in shares of Bleichroeder Acquisition Corp. I by 408.3% during the 1st quarter. Wolverine Asset Management LLC now owns 1,106,088 shares of the company's stock worth $11,072,000 after acquiring an additional 888,474 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Bleichroeder Acquisition Corp. I in the 1st quarter valued at $609,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Bleichroeder Acquisition Corp. I in the 4th quarter worth $12,325,000. Finally, Toronto Dominion Bank bought a new stake in Bleichroeder Acquisition Corp. I during the fourth quarter valued at about $4,371,000.

Bleichroeder Acquisition Corp. I Stock Performance

NASDAQ BACQ remained flat at $10.38 on Friday. 5,754 shares of the company were exchanged, compared to its average volume of 131,139. Bleichroeder Acquisition Corp. I has a 12-month low of $9.80 and a 12-month high of $10.55. The stock's fifty day moving average price is $10.35 and its two-hundred day moving average price is $10.16.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Bleichroeder Acquisition Corp. I to a "hold" rating in a research note on Friday, June 27th.

Bleichroeder Acquisition Corp. I Profile

Bleichroeder Acquisition Corp. I is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Andrew Stephen Gundlach and Michel Combes on June 24, 2024 and is headquartered in New York, NY.