Polar Asset Management Partners Inc. Decreases Stock Position in D. Boral ARC Acquisition I Corp. $BCAR

Polar Asset Management Partners Inc. lessened its stake in D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) by 74.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 488,064 shares of the company’s stock after selling 1,411,600 shares during the period. Polar Asset Management Partners Inc.’s holdings in D. Boral ARC Acquisition I were worth $4,939,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BCAR. Jane Street Group LLC bought a new position in D. Boral ARC Acquisition I during the 4th quarter worth approximately $127,000. Heights Capital Management Inc. purchased a new position in D. Boral ARC Acquisition I in the 4th quarter worth approximately $248,000. PenderFund Capital Management Ltd. bought a new stake in D. Boral ARC Acquisition I in the fourth quarter valued at approximately $295,000. ABC Arbitrage SA bought a new stake in D. Boral ARC Acquisition I in the fourth quarter valued at approximately $351,000. Finally, Stoic Point Capital Management LLC purchased a new stake in shares of D. Boral ARC Acquisition I during the fourth quarter valued at approximately $531,000. 4.33% of the stock is currently owned by hedge funds and other institutional investors.

D. Boral ARC Acquisition I Stock Performance

BCAR stock opened at $10.35 on Monday. The company has a 50-day moving average price of $10.57. D. Boral ARC Acquisition I Corp. has a 12-month low of $9.88 and a 12-month high of $11.17.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last posted its earnings results on Friday, May 15th. The company reported $0.07 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of D. Boral ARC Acquisition I in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

D. Boral ARC Acquisition I Profile

D. Boral ARC Acquisition I (NASDAQ: BCAR) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through a public offering and to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. As a SPAC, its primary activity is identifying and negotiating a business combination rather than conducting commercial operations itself.

Publicly available disclosures do not identify a confirmed target company, a specific industry focus or detailed information about the company’s leadership and sponsors in widely accessible sources.