Berkley W R Corp Purchases 165,054 Shares of Pelican Acquisition Corporation $PELI

Berkley W R Corp raised its position in Pelican Acquisition Corporation (NASDAQ:PELI) by 46.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 517,961 shares of the company’s stock after purchasing an additional 165,054 shares during the period. Berkley W R Corp’s holdings in Pelican Acquisition were worth $5,211,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC increased its position in shares of Pelican Acquisition by 2.0% during the third quarter. Wolverine Asset Management LLC now owns 461,569 shares of the company’s stock worth $4,643,000 after buying an additional 8,838 shares during the period. Clear Street LLC acquired a new position in Pelican Acquisition in the second quarter valued at $4,295,000. Linden Advisors LP acquired a new position in Pelican Acquisition in the second quarter valued at $3,700,000. AQR Arbitrage LLC bought a new stake in Pelican Acquisition during the second quarter valued at $3,700,000. Finally, Karpus Management Inc. bought a new stake in Pelican Acquisition during the second quarter valued at $3,513,000.

Pelican Acquisition Stock Down 8.3%

Shares of PELI stock opened at $9.44 on Friday. The firm has a 50 day moving average of $10.43 and a 200-day moving average of $10.22. Pelican Acquisition Corporation has a 52 week low of $8.98 and a 52 week high of $11.49.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Pelican Acquisition in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Pelican Acquisition Company Profile

Pelican Acquisition Corp is a Delaware-based special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker PELI. Founded in 2021, the firm completed its initial public offering in July 2021 and holds its capital in trust pending the completion of a business combination. The company’s charter permits a merger, stock exchange, asset purchase or other similar transactions with one or more operating businesses.

The SPAC is focused on identifying opportunities in technology-driven sectors, including software, cybersecurity, digital infrastructure and related fields.