100,000 Shares in Blue Acquisition Corp/Cayman $BACC Acquired by Context Capital Management LLC

Context Capital Management LLC bought a new position in Blue Acquisition Corp/Cayman (NASDAQ:BACC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $1,050,000. Context Capital Management LLC owned 0.36% of Blue Acquisition Corp/Cayman at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BACC. Calamos Advisors LLC bought a new position in shares of Blue Acquisition Corp/Cayman during the 3rd quarter valued at about $1,292,000. Harraden Circle Investments LLC acquired a new position in shares of Blue Acquisition Corp/Cayman in the 2nd quarter worth approximately $11,286,000. Sona Asset Management US LLC raised its holdings in shares of Blue Acquisition Corp/Cayman by 70.5% in the 1st quarter. Sona Asset Management US LLC now owns 3,342,359 shares of the company’s stock worth $34,125,000 after purchasing an additional 1,382,174 shares in the last quarter. Finally, Berkley W R Corp raised its holdings in shares of Blue Acquisition Corp/Cayman by 40.6% in the 1st quarter. Berkley W R Corp now owns 441,650 shares of the company’s stock worth $4,509,000 after purchasing an additional 127,428 shares in the last quarter.

Blue Acquisition Corp/Cayman Price Performance

Blue Acquisition Corp/Cayman stock opened at $10.48 on Wednesday. The firm’s 50 day simple moving average is $10.48 and its 200-day simple moving average is $10.40. Blue Acquisition Corp/Cayman has a fifty-two week low of $10.11 and a fifty-two week high of $11.10.

Blue Acquisition Corp/Cayman (NASDAQ:BACC) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Blue Acquisition Corp/Cayman to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised Blue Acquisition Corp/Cayman from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Blue Acquisition Corp/Cayman

Blue Acquisition Corp. is a Cayman Islands-incorporated special purpose acquisition company (SPAC) that was formed to pursue a business combination with one or more operating companies. Its potential transaction structures may include a merger, share exchange, asset acquisition, share purchase, reorganization or similar corporate combination. As a blank-check company, Blue Acquisition Corp. does not have significant operating activities, products or services of its own. Its principal activities consist of organizational work, raising capital and identifying a suitable acquisition target.