DLD Asset Management LP Takes Position in Bleichroeder Acquisition Corp. I $BACQ
DLD Asset Management LP has acquired a new stake in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ), purchasing 124,673 shares valued at approximately $1.25 million. Other investors, including Mirae Asset Global Investments and Gritstone Asset Management, have also increased their stakes. Bleichroeder Acquisition Corp. I's stock opened at $10.39, with a recent upgrade to a "hold" rating by Wall Street Zen. The company, a blank check firm, aims to merge or acquire businesses.
DLD Asset Management LP acquired a new stake in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 124,673 shares of the company's stock, valued at approximately $1,248,000. DLD Asset Management LP owned about 0.37% of Bleichroeder Acquisition Corp. I at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Bleichroeder Acquisition Corp. I in the 1st quarter valued at approximately $609,000. Gritstone Asset Management LLC raised its stake in Bleichroeder Acquisition Corp. I by 405.0% in the 1st quarter. Gritstone Asset Management LLC now owns 199,299 shares of the company's stock valued at $1,995,000 after acquiring an additional 159,834 shares during the period. Westchester Capital Management LLC raised its stake in Bleichroeder Acquisition Corp. I by 22.2% in the 1st quarter. Westchester Capital Management LLC now owns 1,515,000 shares of the company's stock valued at $15,195,000 after acquiring an additional 275,000 shares during the period. Mizuho Securities USA LLC bought a new stake in Bleichroeder Acquisition Corp. I in the 1st quarter valued at $2,799,000. Finally, Toronto Dominion Bank bought a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at $4,371,000.
Bleichroeder Acquisition Corp. I Stock Up 0.1%
Shares of NASDAQ BACQ opened at $10.39 on Friday. The stock's fifty day moving average price is $10.35 and its two-hundred day moving average price is $10.21. Bleichroeder Acquisition Corp. I has a one year low of $9.80 and a one year high of $10.55.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Bleichroeder Acquisition Corp. I to a "hold" rating in a research note on Friday, June 27th.
Get Our Latest Report on Bleichroeder Acquisition Corp. I
Bleichroeder Acquisition Corp. I Profile
(Free Report)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.
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