Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Stock Holdings Lessened by Virtu Financial LLC

Key Points

• Virtu Financial LLC reduced its stake in Bleichroeder Acquisition Corp. I by 31.4%, selling 90,708 shares in the first quarter, leaving it with 197,873 shares valued at approximately $1.985 million.
• Other institutional investors such as Boothbay Fund Management LLC and Mirae Asset Global Investments Co. Ltd. have recently made new investments in Bleichroeder Acquisition Corp. I, each acquiring positions worth between $339,000 and $986,000.
• Wall Street analysts upgraded Bleichroeder Acquisition Corp. I to a "hold" rating, while the stock's recent trading price opened at $10.34.

Virtu Financial LLC lowered its holdings in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) by 31.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,873 shares of the company's stock after selling 90,708 shares during the period. Virtu Financial LLC owned approximately 0.59% of Bleichroeder Acquisition Corp. I worth $1,985,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Bleichroeder Acquisition Corp. I during the 1st quarter valued at $609,000. Wolverine Asset Management LLC grew its holdings in 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 valued at $11,072,000 after purchasing an additional 888,474 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in Bleichroeder Acquisition Corp. I during the 4th quarter valued at $12,325,000. Mizuho Securities USA LLC bought a new position in Bleichroeder Acquisition Corp. I during the 1st quarter valued at $2,799,000. Finally, Berkley W R Corp bought a new position in Bleichroeder Acquisition Corp. I during the 4th quarter valued at $986,000.

Bleichroeder Acquisition Corp. I Price Performance

NASDAQ BACQ remained flat at $10.41 during trading hours on Friday. 49,330 shares of the company's stock were exchanged, compared to its average volume of 124,492. Bleichroeder Acquisition Corp. I has a 12-month low of $9.80 and a 12-month high of $10.55. The stock has a 50 day simple moving average of $10.34 and a 200 day simple moving average of $10.14.

Analysts Set New Price Targets

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

About Bleichroeder Acquisition Corp. I

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.