Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Major Shareholder Goldman Sachs Group Inc Sells 4,444 Shares

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) major shareholder Goldman Sachs Group Inc sold 4,444 shares of Bleichroeder Acquisition Corp. I stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $10.80, for a total transaction of $47,995.20. Following the completion of the transaction, the insider directly owned 3,285,714 shares in the company, valued at $35,485,711.20. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Goldman Sachs Group Inc also recently made the following trade(s):

• On Friday, November 28th, Goldman Sachs Group Inc sold 46 shares of Bleichroeder Acquisition Corp. I stock. The stock was sold at an average price of $10.73, for a total value of $493.58.
• On Tuesday, December 9th, Goldman Sachs Group Inc sold 3 shares of Bleichroeder Acquisition Corp. I stock. The stock was sold at an average price of $10.95, for a total value of $32.85.
• On Tuesday, December 9th, Goldman Sachs Group Inc bought 5 shares of Bleichroeder Acquisition Corp. I stock. The stock was bought at an average cost of $10.96 per share, with a total value of $54.80.
• On Monday, December 8th, Goldman Sachs Group Inc bought 379 shares of Bleichroeder Acquisition Corp. I stock. The shares were bought at an average cost of $10.99 per share, for a total transaction of $4,165.21.
• On Friday, December 5th, Goldman Sachs Group Inc purchased 3,944 shares of Bleichroeder Acquisition Corp. I stock. The stock was bought at an average price of $10.79 per share, for a total transaction of $42,555.76.

Bleichroeder Acquisition Corp. I Price Performance

Shares of BACQ traded up $0.01 during mid-day trading on Thursday, reaching $10.52. 499,497 shares of the company were exchanged, compared to its average volume of 231,076. The business has a 50 day simple moving average of $10.67 and a two-hundred day simple moving average of $10.68. Bleichroeder Acquisition Corp. I has a 52 week low of $9.95 and a 52 week high of $13.21.

Institutional Trading of Bleichroeder Acquisition Corp. I

Several hedge funds have recently modified their holdings of the stock. Griffin Asset Management Inc. bought a new position in Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $118,000. Jane Street Group LLC purchased a new stake in shares of Bleichroeder Acquisition Corp. I in the fourth quarter worth approximately $141,000. PFG Investments LLC purchased a new stake in shares of Bleichroeder Acquisition Corp. I in the fourth quarter worth approximately $161,000. Sage Advisors LLC bought a new position in shares of Bleichroeder Acquisition Corp. I in the fourth quarter valued at approximately $248,000. Finally, Geode Capital Management LLC purchased a new position in shares of Bleichroeder Acquisition Corp. I during the fourth quarter valued at approximately $279,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Bleichroeder Acquisition Corp. I currently has an average rating of “Sell”.

About Bleichroeder Acquisition Corp. I

Bleichroeder Acquisition Corp. I is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company does not presently have operations of its own and intends to seek opportunities primarily in sectors where its sponsor, Bleichroeder & Co, holds expertise, including financial services, industrials and technology.

The company’s strategy involves raising capital through an initial public offering (IPO) to finance acquisition targets and working closely with management teams to drive growth and operational improvements.