Insider Selling: Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Major Shareholder Sells 4,444 Shares of Stock

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) major shareholder Goldman Sachs Group Inc sold 4,444 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $10.80, for a total value of $47,995.20. Following the transaction, the insider owned 3,285,714 shares in the company, valued at approximately $35,485,711.20. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Goldman Sachs Group Inc also recently made the following trade(s):

• On Friday, November 28th, Goldman Sachs Group Inc sold 46 shares of Bleichroeder Acquisition Corp. I stock. The stock was sold at an average price of $10.73, for a total transaction of $493.58.
• On Tuesday, December 9th, Goldman Sachs Group Inc sold 3 shares of Bleichroeder Acquisition Corp. I stock. The shares were sold at an average price of $10.95, for a total transaction of $32.85.
• On Tuesday, December 9th, Goldman Sachs Group Inc purchased 5 shares of Bleichroeder Acquisition Corp. I stock. The shares were purchased at an average cost of $10.96 per share, for a total transaction of $54.80.
• On Monday, December 8th, Goldman Sachs Group Inc acquired 379 shares of Bleichroeder Acquisition Corp. I stock. The stock was purchased at an average cost of $10.99 per share, with a total value of $4,165.21.
• On Friday, December 5th, Goldman Sachs Group Inc acquired 3,944 shares of Bleichroeder Acquisition Corp. I stock. The stock was purchased at an average price of $10.79 per share, with a total value of $42,555.76.

Bleichroeder Acquisition Corp. I Price Performance

Shares of Bleichroeder Acquisition Corp. I stock traded up $0.01 during mid-day trading on Thursday, hitting $10.52. 499,497 shares of the stock were exchanged, compared to its average volume of 231,076. Bleichroeder Acquisition Corp. I has a 12 month low of $9.95 and a 12 month high of $13.21. The company has a 50-day simple moving average of $10.67 and a 200 day simple moving average of $10.68.

Institutional Trading of Bleichroeder Acquisition Corp. I

Institutional investors and hedge funds have recently made changes to their positions in the stock. Griffin Asset Management Inc. bought a new position in Bleichroeder Acquisition Corp. I during the 4th quarter worth approximately $118,000. Jane Street Group LLC bought a new stake in shares of Bleichroeder Acquisition Corp. I in the 4th quarter worth approximately $141,000. PFG Investments LLC purchased a new position in Bleichroeder Acquisition Corp. I during the 4th quarter valued at $161,000. BCK Capital Management LP increased its position in shares of Bleichroeder Acquisition Corp. I by 20.5% during the third quarter. BCK Capital Management LP now owns 120,531 shares of the company’s stock valued at $1,254,000 after buying an additional 20,531 shares during the period. Finally, Sage Advisors LLC bought a new position in Bleichroeder Acquisition Corp. I in the fourth quarter worth about $248,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Bleichroeder Acquisition Corp. I currently has a consensus rating of “Sell”.

Bleichroeder Acquisition Corp. I Company Profile

Bleichroeder Acquisition Corp. I is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company does not presently have operations of its own and intends to seek opportunities primarily in sectors where its sponsor, Bleichroeder & Co, holds expertise, including financial services, industrials and technology.

The company’s strategy involves raising capital through an initial public offering (IPO) to finance acquisition targets and working closely with management teams to drive growth and operational improvements.