Context Capital Management LLC Purchases 500,000 Shares of Crown Reserve Acquisition Corp. I $CRAC

Context Capital Management LLC acquired a new stake in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 500,000 shares of the company’s stock, valued at approximately $5,125,000.

A number of other institutional investors have also recently made changes to their positions in the company. Rivernorth Capital Management LLC bought a new stake in shares of Crown Reserve Acquisition Corp. I in the first quarter worth about $2,619,000. Sona Asset Management US LLC bought a new position in Crown Reserve Acquisition Corp. I during the first quarter valued at approximately $2,002,000. Finally, Berkley W R Corp boosted its stake in Crown Reserve Acquisition Corp. I by 93.5% during the first quarter. Berkley W R Corp now owns 451,723 shares of the company’s stock valued at $4,522,000 after buying an additional 218,227 shares during the last quarter.

Crown Reserve Acquisition Corp. I Stock Performance

Shares of CRAC opened at $10.29 on Wednesday. The company’s fifty day moving average is $10.24 and its 200 day moving average is $10.12. Crown Reserve Acquisition Corp. I has a fifty-two week low of $9.89 and a fifty-two week high of $10.30.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Crown Reserve Acquisition Corp. I from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

About Crown Reserve Acquisition Corp. I

Crown Reserve Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with an operating company. Rather than conducting commercial operations of its own, the company’s primary objective is to raise capital through an initial public offering and use those proceeds, together with other funding sources, to pursue a merger, acquisition or similar transaction. Until it completes a business combination, Crown Reserve Acquisition Corp. I does not offer products or services and generally has no material operating business.