Hudson Bay Capital Management LP bought a new position in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 325,000 shares of the company's stock, valued at approximately $3,270,000. Hudson Bay Capital Management LP owned about 1.60% of Melar Acquisition Corp. I as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. D. E. Shaw & Co. Inc. grew its stake in Melar Acquisition Corp. I by 35.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 576,328 shares of the company's stock valued at $5,809,000 after purchasing an additional 151,328 shares in the last quarter. Bulldog Investors LLP purchased a new position in Melar Acquisition Corp. I in the fourth quarter valued at about $1,512,000. Schonfeld Strategic Advisors LLC purchased a new position in Melar Acquisition Corp. I in the fourth quarter valued at about $507,000. Wolverine Asset Management LLC grew its stake in Melar Acquisition Corp. I by 216.1% in the fourth quarter. Wolverine Asset Management LLC now owns 327,172 shares of the company's stock valued at $3,291,000 after purchasing an additional 223,672 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in Melar Acquisition Corp. I in the third quarter valued at about $209,000.
Melar Acquisition Corp. I Price Performance
NASDAQ MACI remained flat at $10.33 on Friday. The company's stock had a trading volume of 973 shares, compared to its average volume of 65,869. The firm has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $10.16. Melar Acquisition Corp. I has a 1 year low of $9.95 and a 1 year high of $10.39.
Melar Acquisition Corp. I Company Profile
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Free Report)
Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.
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