Berkley W R Corp Has $6.78 Million Stake in Melar Acquisition Corp. I $MACI

Berkley W R Corp lifted its stake in Melar Acquisition Corp. I (NASDAQ:MACI) by 99.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 645,820 shares of the company’s stock after acquiring an additional 322,372 shares during the period. Berkley W R Corp’s holdings in Melar Acquisition Corp. I were worth $6,781,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BCK Capital Management LP boosted its position in Melar Acquisition Corp. I by 37.7% during the third quarter. BCK Capital Management LP now owns 68,874 shares of the company’s stock worth $723,000 after purchasing an additional 18,874 shares during the period. Sandia Investment Management LP acquired a new position in Melar Acquisition Corp. I during the third quarter valued at approximately $249,000. Radcliffe Capital Management L.P. raised its position in shares of Melar Acquisition Corp. I by 45.0% in the third quarter. Radcliffe Capital Management L.P. now owns 426,939 shares of the company’s stock valued at $4,483,000 after purchasing an additional 132,564 shares during the period. Alberta Investment Management Corp bought a new position in shares of Melar Acquisition Corp. I in the second quarter valued at approximately $3,412,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Melar Acquisition Corp. I in the second quarter worth $3,861,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Melar Acquisition Corp. I in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Melar Acquisition Corp. I Trading Up 0.1%

Melar Acquisition Corp. I stock opened at $10.74 on Friday. Melar Acquisition Corp. I has a 52 week low of $10.19 and a 52 week high of $10.97. The business’s 50-day simple moving average is $10.70 and its 200-day simple moving average is $10.63.

Melar Acquisition Corp. I Profile

Melar Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the symbol MACI. The company was formed to raise capital through an initial public offering and to identify, merge with or acquire one or more businesses with the goal of completing an initial business combination. As a blank check vehicle, Melar Acquisition Corp. I does not currently conduct operations of its own beyond the pursuit of a qualifying transaction.

Upon its IPO, Melar Acquisition Corp.