Periscope Capital Inc. Has $2.55 Million Holdings in Blue Acquisition Corp/Cayman $BACC

Periscope Capital Inc. lessened its stake in Blue Acquisition Corp/Cayman (NASDAQ:BACC) by 28.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,000 shares of the company’s stock after selling 100,000 shares during the quarter. Periscope Capital Inc. owned about 0.89% of Blue Acquisition Corp/Cayman worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

Blue Acquisition Corp/Cayman Stock Up 0.2%

Shares of NASDAQ:BACC opened at $10.41 on Friday. Blue Acquisition Corp/Cayman has a one year low of $9.95 and a one year high of $10.50. The business’s 50 day simple moving average is $10.30.

Blue Acquisition Corp/Cayman (NASDAQ:BACC) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.07 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Blue Acquisition Corp/Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About Blue Acquisition Corp/Cayman

Blue Acquisition Corp/Cayman (NASDAQ: BACC) is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company. As a blank-check vehicle, its primary business activity is to raise capital through its public listing and use those proceeds to identify, negotiate and complete a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses.

Like other SPACs, Blue Acquisition typically holds the funds raised in trust pending the completion of a qualifying business combination and provides public investors with the opportunity to vote on proposed transactions and to seek redemption of their shares in accordance with the company’s governing documents.