Quarry LP Makes New Investment in Blue Ocean Acquisition Corp. (NASDAQ:BOCN)

Quarry LP bought a new position in shares of Blue Ocean Acquisition Corp. (NASDAQ:BOCN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $1,044,000. Quarry LP owned about 0.48% of Blue Ocean Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Blue Ocean Acquisition during the fourth quarter worth $162,000. Walleye Trading LLC bought a new position in Blue Ocean Acquisition during the first quarter valued at $802,000. Shaolin Capital Management LLC bought a new position in Blue Ocean Acquisition during the fourth quarter valued at $900,000. Gabelli Funds LLC bought a new position in Blue Ocean Acquisition during the first quarter valued at $1,142,000. Finally, Walleye Capital LLC bought a new position in Blue Ocean Acquisition during the first quarter valued at $1,426,000. Institutional investors own 90.98% of the company’s stock.

Blue Ocean Acquisition Price Performance

BOCN stock remained flat at $10.70 during trading on Monday. 412 shares of the company’s stock traded hands, compared to its average volume of 95,341. Blue Ocean Acquisition Corp. has a fifty-two week low of $10.00 and a fifty-two week high of $11.41. The firm has a 50 day simple moving average of $10.64 and a two-hundred day simple moving average of $10.53.

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 technology, advertising technology, digital media and enabling technologies, and direct-to-consumer e-commerce businesses.