M3-Brigade Acquisition V Corp. $MBAV Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. grew its stake in M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) by 117.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,812,849 shares of the company’s stock after buying an additional 2,055,408 shares during the quarter. M3-Brigade Acquisition V accounts for approximately 0.8% of Polar Asset Management Partners Inc.’s portfolio, making the stock its 17th biggest position. Polar Asset Management Partners Inc. owned approximately 0.11% of M3-Brigade Acquisition V worth $40,950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BCK Capital Management LP increased its stake in shares of M3-Brigade Acquisition V by 142.8% during the fourth quarter. BCK Capital Management LP now owns 388,000 shares of the company’s stock worth $4,124,000 after buying an additional 228,182 shares during the period. DLD Asset Management LP purchased a new position in M3-Brigade Acquisition V in the first quarter worth approximately $644,000. FNY Investment Advisers LLC grew its holdings in M3-Brigade Acquisition V by 0.8% during the 4th quarter. FNY Investment Advisers LLC now owns 159,700 shares of the company’s stock worth $1,697,000 after acquiring an additional 1,200 shares in the last quarter. Millennium Management LLC increased its position in shares of M3-Brigade Acquisition V by 49.9% in the 3rd quarter. Millennium Management LLC now owns 150,000 shares of the company’s stock valued at $1,582,000 after purchasing an additional 49,946 shares during the last quarter. Finally, Whitebox Advisors LLC increased its position in shares of M3-Brigade Acquisition V by 18.2% in the 3rd quarter. Whitebox Advisors LLC now owns 130,000 shares of the company’s stock valued at $1,372,000 after purchasing an additional 20,000 shares during the last quarter.

M3-Brigade Acquisition V Stock Performance

M3-Brigade Acquisition V stock opened at $11.29 on Monday. The business has a 50 day simple moving average of $10.83 and a 200-day simple moving average of $10.77. M3-Brigade Acquisition V Corp. has a 12 month low of $9.10 and a 12 month high of $11.96.

M3-Brigade Acquisition V (NASDAQ:MBAV) last released its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on MBAV. Wall Street Zen upgraded M3-Brigade Acquisition V to a “sell” rating in a research note on Saturday, June 27th. Weiss Ratings reissued a “sell (d)” rating on shares of M3-Brigade Acquisition V in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

M3-Brigade Acquisition V Company Profile

M3-Brigade Acquisition V is a special purpose acquisition company (SPAC) sponsored by M3 Inc, a global healthcare information and technology provider, and Brigade Capital Management, an investment management firm. The company is structured as a blank‐check vehicle listed on the Nasdaq Stock Market under the ticker MBAV, with the objective of identifying and completing a business combination in the healthcare, life sciences or related sectors.

The company benefits from the operational expertise of M3’s digital health platform and real‐world data capabilities, combined with Brigade’s deep experience in credit and asset management.