Harraden Circle Investments LLC Grows Stake in D. Boral ARC Acquisition I Corp. $BCAR

Harraden Circle Investments LLC boosted its holdings in shares of D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) by 23.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,643,991 shares of the company’s stock after buying an additional 510,137 shares during the quarter. D. Boral ARC Acquisition I makes up approximately 2.7% of Harraden Circle Investments LLC’s investment portfolio, making the stock its 8th biggest holding. Harraden Circle Investments LLC’s holdings in D. Boral ARC Acquisition I were worth $27,577,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BCAR. Jane Street Group LLC bought a new stake in D. Boral ARC Acquisition I during the 4th quarter valued at $127,000. Heights Capital Management Inc. bought a new position in shares of D. Boral ARC Acquisition I in the 4th quarter worth $248,000. PenderFund Capital Management Ltd. purchased a new stake in shares of D. Boral ARC Acquisition I during the 4th quarter worth $295,000. ABC Arbitrage SA purchased a new stake in shares of D. Boral ARC Acquisition I during the 4th quarter worth $351,000. Finally, Stoic Point Capital Management LLC bought a new stake in D. Boral ARC Acquisition I during the fourth quarter valued at about $531,000. Institutional investors own 4.33% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of D. Boral ARC Acquisition I from a “sell (e)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

D. Boral ARC Acquisition I Stock Up 1.4%

Shares of BCAR stock opened at $4.79 on Friday. D. Boral ARC Acquisition I Corp. has a 12-month low of $3.99 and a 12-month high of $11.17. The business’s fifty day simple moving average is $7.27 and its 200-day simple moving average is $9.28.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last announced its earnings results on Friday, August 14th. The company reported $0.05 earnings per share for the quarter.

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.