Berkley W R Corp Has $9.30 Million Holdings in Charlton Aria Acquisition Corp $CHAR

Berkley W R Corp lifted its stake in shares of Charlton Aria Acquisition Corp (NASDAQ:CHAR) by 19.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 878,975 shares of the company’s stock after acquiring an additional 142,746 shares during the period. Berkley W R Corp’s holdings in Charlton Aria Acquisition were worth $9,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHAR. ABC Arbitrage SA bought a new position in shares of Charlton Aria Acquisition in the fourth quarter valued at $209,000. Glazer Capital LLC grew its position in shares of Charlton Aria Acquisition by 5.3% during the 4th quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock valued at $526,000 after acquiring an additional 2,528 shares during the period. Finally, Clear Street Group Inc. grew its holdings in Charlton Aria Acquisition by 277.6% during the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock valued at $1,222,000 after purchasing an additional 86,000 shares during the period.

Charlton Aria Acquisition Stock Performance

Shares of NASDAQ:CHAR opened at $10.88 on Monday. The business has a fifty day moving average of $10.79. Charlton Aria Acquisition Corp has a one year low of $10.29 and a one year high of $11.30.

Charlton Aria Acquisition (NASDAQ:CHAR) last posted its quarterly earnings data on Wednesday, June 17th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Charlton Aria Acquisition in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.