Wolverine Asset Management LLC Has $11.07 Million Stake in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ)

Key Points

• Wolverine Asset Management LLC increased its stake in Bleichroeder Acquisition Corp. I by 408.3%, acquiring an additional 888,474 shares to reach a total of approximately 1.1 million shares, valued at $11.07 million.
• Several other institutional investors also acquired shares in Bleichroeder Acquisition Corp. I, with new positions totaling over $3 million in recent quarters.
• Bleichroeder Acquisition Corp. I has been upgraded to a "hold" rating by Wall Street Zen, indicating a cautious outlook on the stock's performance.

Wolverine Asset Management LLC increased its position in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) by 408.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,106,088 shares of the company's stock after purchasing an additional 888,474 shares during the quarter. Wolverine Asset Management LLC owned approximately 3.28% of Bleichroeder Acquisition Corp. I worth $11,072,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Boothbay Fund Management LLC bought a new position in shares of Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $339,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Bleichroeder Acquisition Corp. I in the 1st quarter valued at about $609,000. K2 Principal Fund L.P. bought a new position in shares of Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $756,000. Spartan Fund Management Inc. bought a new position in shares of Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $986,000. Finally, Berkley W R Corp bought a new position in shares of Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $986,000.

Bleichroeder Acquisition Corp. I Stock Down 0.2%

Bleichroeder Acquisition Corp. I stock traded down $0.02 during midday trading on Tuesday, hitting $10.32. 608,939 shares of the stock were exchanged, compared to its average volume of 46,936. The company has a fifty day simple moving average of $10.33 and a two-hundred day simple moving average of $10.14. Bleichroeder Acquisition Corp. I has a 52 week low of $9.80 and a 52 week high of $10.47.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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.