Berkley W R Corp Raises Stock Position in Blue World Acquisition Co. (NASDAQ:BWAQ)

Berkley W R Corp boosted its stake in shares of Blue World Acquisition Co. (NASDAQ:BWAQ) by 50.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 284,676 shares of the company’s stock after purchasing an additional 95,999 shares during the period. Berkley W R Corp owned approximately 4.31% of Blue World Acquisition worth $3,183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mizuho Securities USA LLC grew its holdings in shares of Blue World Acquisition by 1.4% in the fourth quarter. Mizuho Securities USA LLC now owns 298,591 shares of the company’s stock valued at $3,255,000 after purchasing an additional 4,007 shares during the period. Spartan Fund Management Inc. purchased a new position in shares of Blue World Acquisition during the first quarter worth approximately $182,000. Fifth Lane Capital LP purchased a new position in shares of Blue World Acquisition during the first quarter worth approximately $224,000. Quarry LP purchased a new position in shares of Blue World Acquisition during the fourth quarter worth approximately $496,000. Finally, K2 Principal Fund L.P. purchased a new position in Blue World Acquisition in the 1st quarter valued at $838,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Blue World Acquisition Price Performance

Blue World Acquisition stock traded down $4.46 during midday trading on Monday, reaching $4.24. The company’s stock had a trading volume of 285,600 shares, compared to its average volume of 68,351. Blue World Acquisition Co. has a fifty-two week low of $4.00 and a fifty-two week high of $15.61. The stock’s 50 day simple moving average is $7.03 and its 200 day simple moving average is $9.71.

Blue World Acquisition Profile

Blue World Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus primarily on businesses in the marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, marine services, logistics and supply chain, offshore energy solutions, and related industry segments.