Context Capital Management LLC Makes New Investment in Blue Acquisition Corp/Cayman $BACC

Context Capital Management LLC purchased a new stake in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,050,000.

Several other large investors have also recently bought and sold shares of the business. Calamos Advisors LLC purchased a new stake in Blue Acquisition Corp/Cayman in the 3rd quarter worth about $1,292,000. Berkley W R Corp boosted its position in Blue Acquisition Corp/Cayman by 40.6% during the 1st quarter. Berkley W R Corp now owns 441,650 shares of the company’s stock worth $4,509,000 after acquiring an additional 127,428 shares during the period. Harraden Circle Investments LLC purchased a new position in Blue Acquisition Corp/Cayman during the 2nd quarter valued at about $11,286,000. Finally, Sona Asset Management US LLC grew its stake in Blue Acquisition Corp/Cayman by 70.5% during the 1st quarter. Sona Asset Management US LLC now owns 3,342,359 shares of the company’s stock valued at $34,125,000 after acquiring an additional 1,382,174 shares in the last quarter.

Blue Acquisition Corp/Cayman Price Performance

Shares of NASDAQ:BACC opened at $10.48 on Wednesday. The firm has a fifty day moving average of $10.48 and a two-hundred day moving average of $10.40. Blue Acquisition Corp/Cayman has a 12-month low of $10.11 and a 12-month high of $11.10.

Blue Acquisition Corp/Cayman (NASDAQ:BACC) last announced its quarterly earnings data 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 have recently weighed in on BACC shares. Weiss Ratings upgraded Blue Acquisition Corp/Cayman from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. Wall Street Zen upgraded shares of Blue Acquisition Corp/Cayman to a “hold” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Blue Acquisition Corp/Cayman Profile

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.