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

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

D. Boral ARC Acquisition I Stock Down 3.8%

Shares of BCAR traded down $0.23 during trading hours on Friday, hitting $5.83. The stock had a trading volume of 81,234 shares, compared to its average volume of 581,403. D. Boral ARC Acquisition I has a 52 week low of $4.00 and a 52 week high of $11.17. The company’s fifty day moving average is $8.89 and its two-hundred day moving average is $9.80.

Institutional Trading of D. Boral ARC Acquisition I

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC boosted its holdings in D. Boral ARC Acquisition I by 218.6% in the second quarter. FNY Investment Advisers LLC now owns 288,889 shares of the company’s stock valued at $3,013,000 after acquiring an additional 198,218 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of D. Boral ARC Acquisition I during the first quarter worth approximately $1,012,000. Readystate Asset Management LP bought a new position in D. Boral ARC Acquisition I in the first quarter valued at approximately $1,012,000. Berkley W R Corp lifted its stake in shares of D. Boral ARC Acquisition I by 1.7% in the 1st quarter. Berkley W R Corp now owns 226,854 shares of the company’s stock valued at $2,296,000 after purchasing an additional 3,686 shares during the period. Finally, DLD Asset Management LP boosted its position in shares of 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 worth $4,048,000 after purchasing an additional 266,667 shares during the last quarter. Institutional investors and hedge funds own 4.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

About D. Boral ARC Acquisition I

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.