D. Boral ARC Acquisition I (NASDAQ:BCAR) Announces Earnings Results

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

D. Boral ARC Acquisition I Price Performance

Shares of BCAR stock opened at $5.83 on Friday. The stock has a 50 day moving average price of $8.89 and a 200 day moving average price of $9.80. D. Boral ARC Acquisition I has a 52-week low of $4.00 and a 52-week high of $11.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of D. Boral ARC Acquisition I from a “sell (e+)” rating to a “sell (e)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of D. Boral ARC Acquisition I

A number of hedge funds and other institutional investors have recently bought and sold shares of BCAR. Radcliffe Capital Management L.P. grew its holdings in shares of D. Boral ARC Acquisition I by 20.7% in the fourth quarter. Radcliffe Capital Management L.P. now owns 549,672 shares of the company’s stock worth $5,513,000 after purchasing an additional 94,323 shares during the last quarter. Magnetar Financial LLC bought a new stake in D. Boral ARC Acquisition I during the 4th quarter valued at about $4,764,000. DLD Asset Management LP boosted its position in D. Boral ARC Acquisition I by 200.0% in the 1st quarter. DLD Asset Management LP now owns 400,000 shares of the company’s stock valued at $4,048,000 after buying an additional 266,667 shares during the period. Wolverine Asset Management LLC boosted its position in D. Boral ARC Acquisition I by 33.5% in the 4th quarter. Wolverine Asset Management LLC now owns 1,134,863 shares of the company’s stock valued at $11,383,000 after buying an additional 284,863 shares during the period. Finally, FNY Investment Advisers LLC grew its stake in D. Boral ARC Acquisition I by 218.6% in the 2nd quarter. FNY Investment Advisers LLC now owns 288,889 shares of the company’s stock worth $3,013,000 after acquiring an additional 198,218 shares in the last quarter. Hedge funds and other institutional investors own 4.33% of the company’s stock.

D. Boral ARC Acquisition I Company 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.