FNY Investment Advisers LLC Takes $4.12 Million Position in Bleichroeder Acquisition Corp. I $BACQ

FNY Investment Advisers LLC acquired a new position in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 383,975 shares of the company’s stock, valued at approximately $4,116,000. Bleichroeder Acquisition Corp. I comprises about 1.2% of FNY Investment Advisers LLC’s portfolio, making the stock its 13th largest holding. FNY Investment Advisers LLC owned approximately 1.14% of Bleichroeder Acquisition Corp. I as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BCK Capital Management LP raised its position in Bleichroeder Acquisition Corp. I by 20.5% during the third quarter. BCK Capital Management LP now owns 120,531 shares of the company’s stock valued at $1,254,000 after purchasing an additional 20,531 shares in the last quarter. Sage Advisors LLC bought a new stake in Bleichroeder Acquisition Corp. I during the fourth quarter worth about $248,000. Clear Street Group Inc. purchased a new position in shares of Bleichroeder Acquisition Corp. I in the 3rd quarter worth about $468,000. Clear Street LLC increased its position in shares of Bleichroeder Acquisition Corp. I by 21,750.7% during the 2nd quarter. Clear Street LLC now owns 50,038 shares of the company’s stock valued at $516,000 after purchasing an additional 49,809 shares during the last quarter. Finally, Sandia Investment Management LP bought a new position in shares of Bleichroeder Acquisition Corp. I during the 3rd quarter valued at about $910,000.

Bleichroeder Acquisition Corp. I Stock Up 2.3%

Shares of Bleichroeder Acquisition Corp. I stock opened at $7.85 on Friday. Bleichroeder Acquisition Corp. I has a 52-week low of $7.35 and a 52-week high of $13.21. The company has a fifty day moving average of $9.60 and a 200-day moving average of $10.38.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last issued its earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter.

Wall Street Analyst Weigh In

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

Bleichroeder Acquisition Corp. I Company 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.