LMR Partners LLP purchased a new position in Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,485,000 shares of the company's stock, valued at approximately $14,939,000. LMR Partners LLP owned about 7.33% of Melar Acquisition Corp. I at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC purchased a new stake in shares of Melar Acquisition Corp. I in the third quarter worth approximately $209,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Melar Acquisition Corp. I in the 4th quarter worth $507,000. Bulldog Investors LLP acquired a new stake in Melar Acquisition Corp. I during the 4th quarter worth about $1,512,000. Hudson Bay Capital Management LP acquired a new stake in Melar Acquisition Corp. I during the 4th quarter worth about $3,270,000. Finally, Wolverine Asset Management LLC raised its stake in shares of Melar Acquisition Corp. I by 216.1% during the 4th quarter. Wolverine Asset Management LLC now owns 327,172 shares of the company's stock valued at $3,291,000 after buying an additional 223,672 shares during the last quarter.
Melar Acquisition Corp. I Price Performance
Shares of Melar Acquisition Corp. I stock remained flat at $10.33 on Friday. The company had a trading volume of 973 shares, compared to its average volume of 65,869. Melar Acquisition Corp. I has a 1 year low of $9.95 and a 1 year high of $10.39. The firm's 50-day moving average is $10.28 and its two-hundred day moving average is $10.16.
About Melar Acquisition Corp. I
(
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.
Featured Articles
Before you consider Melar Acquisition Corp. I, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Melar Acquisition Corp. I wasn't on the list.
While Melar Acquisition Corp. I currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
