Wolverine Asset Management LLC Reduces Holdings in Bleichroeder Acquisition Corp. I $BACQ

Wolverine Asset Management LLC reduced its position in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) by 24.0% during the third quarter, HoldingsChannel reports. The firm owned 341,697 shares of the company’s stock after selling 107,627 shares during the quarter. Wolverine Asset Management LLC’s holdings in Bleichroeder Acquisition Corp. I were worth $3,554,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Clear Street LLC lifted its holdings in Bleichroeder Acquisition Corp. I by 21,750.7% in the 2nd quarter. Clear Street LLC now owns 50,038 shares of the company’s stock worth $516,000 after buying an additional 49,809 shares in the last quarter. BCK Capital Management LP purchased a new position in Bleichroeder Acquisition Corp. I in the second quarter valued at about $1,031,000. Radcliffe Capital Management L.P. acquired a new stake in Bleichroeder Acquisition Corp. I during the 2nd quarter valued at approximately $1,292,000. Wealthspring Capital LLC purchased a new stake in Bleichroeder Acquisition Corp. I during the 2nd quarter worth approximately $1,810,000. Finally, Magnetar Financial LLC purchased a new position in shares of Bleichroeder Acquisition Corp. I during the 2nd quarter valued at approximately $3,102,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Bleichroeder Acquisition Corp. I currently has a consensus rating of “Sell”.

Bleichroeder Acquisition Corp. I Price Performance

Shares of NASDAQ:BACQ opened at $10.74 on Friday. The company’s fifty day moving average is $10.76 and its two-hundred day moving average is $10.63. Bleichroeder Acquisition Corp. I has a 1-year low of $9.89 and a 1-year high of $13.21.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.00 earnings per share for the quarter.

Bleichroeder Acquisition Corp. I Profile

Bleichroeder Acquisition Corp. I is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company does not presently have operations of its own and intends to seek opportunities primarily in sectors where its sponsor, Bleichroeder & Co, holds expertise, including financial services, industrials and technology.

The company’s strategy involves raising capital through an initial public offering (IPO) to finance acquisition targets and working closely with management teams to drive growth and operational improvements.