Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Stock Position Reduced by Quarry LP

Quarry LP trimmed its position in Blue Ocean Acquisition Corp. (NASDAQ:BOCN) by 86.2% in the second quarter, Holdings Channel.com reports. The fund owned 47,400 shares of the company’s stock after selling 297,207 shares during the period. Quarry LP’s holdings in Blue Ocean Acquisition were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC boosted its holdings in Blue Ocean Acquisition by 1,183.9% in the second quarter. Wolverine Asset Management LLC now owns 185,657 shares of the company’s stock worth $2,072,000 after purchasing an additional 171,197 shares during the period. Berkley W R Corp lifted its position in shares of Blue Ocean Acquisition by 83.4% in the 1st quarter. Berkley W R Corp now owns 548,805 shares of the company’s stock worth $6,064,000 after buying an additional 249,576 shares during the last quarter. Finally, Glazer Capital LLC boosted its holdings in shares of Blue Ocean Acquisition by 2.1% in the 4th quarter. Glazer Capital LLC now owns 588,859 shares of the company’s stock valued at $6,330,000 after buying an additional 12,290 shares during the period.

Blue Ocean Acquisition Stock Performance

BOCN opened at $11.43 on Monday. The company’s 50-day moving average price is $11.34 and its 200 day moving average price is $11.19. Blue Ocean Acquisition Corp. has a fifty-two week low of $10.72 and a fifty-two week high of $11.70.

About Blue Ocean Acquisition

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education and advertising technology, and direct-to-consumer e-commerce businesses in Asia, Latin America, and North America.