Wolverine Asset Management LLC boosted its holdings in Broad Capital Acquisition Corp. (NASDAQ:BRAC – Free Report) by 69.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 407,447 shares of the company’s stock after acquiring an additional 167,011 shares during the quarter. Wolverine Asset Management LLC owned 0.14% of Broad Capital Acquisition worth $4,527,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Warberg Asset Management LLC bought a new stake in Broad Capital Acquisition during the third quarter worth about $716,000. Meteora Capital LLC grew its stake in Broad Capital Acquisition by 1.9% during the third quarter. Meteora Capital LLC now owns 237,195 shares of the company’s stock worth $2,609,000 after buying an additional 4,490 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its stake in Broad Capital Acquisition by 5.1% during the third quarter. Mizuho Securities USA LLC now owns 331,200 shares of the company’s stock worth $3,577,000 after buying an additional 16,075 shares during the last quarter.
Broad Capital Acquisition Price Performance
Shares of BRAC stock traded down $0.01 during trading hours on Wednesday, reaching $11.28. 4,200 shares of the company were exchanged, compared to its average volume of 7,303. Broad Capital Acquisition Corp. has a fifty-two week low of $10.64 and a fifty-two week high of $12.31. The stock’s fifty day moving average is $11.25 and its two-hundred day moving average is $11.13.
About Broad Capital Acquisition
Broad Capital Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.
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