Melar Acquisition Corp. I $MACI Stock Position Lessened by Tuttle Capital Management LLC

Tuttle Capital Management LLC trimmed its holdings in shares of Melar Acquisition Corp. I (NASDAQ:MACI) by 57.1% during the second quarter, Holdings Channel.com reports. The firm owned 15,000 shares of the company’s stock after selling 20,000 shares during the quarter. Tuttle Capital Management LLC’s holdings in Melar Acquisition Corp. I were worth $158,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Wolverine Asset Management LLC grew its position in Melar Acquisition Corp. I by 264.9% in the 1st quarter. Wolverine Asset Management LLC now owns 1,194,001 shares of the company’s stock valued at $12,215,000 after buying an additional 866,829 shares in the last quarter. Westchester Capital Management LLC bought a new stake in shares of Melar Acquisition Corp. I during the 1st quarter worth about $5,368,000. Finally, Mizuho Securities USA LLC lifted its stake in shares of Melar Acquisition Corp. I by 273.2% in the 1st quarter. Mizuho Securities USA LLC now owns 126,753 shares of the company’s stock worth $1,293,000 after acquiring an additional 92,793 shares during the period.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Melar Acquisition Corp. I in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Melar Acquisition Corp. I presently has an average rating of “Sell”.

Melar Acquisition Corp. I Stock Down 1.5%

Shares of MACI opened at $10.39 on Wednesday. The firm’s 50 day moving average is $10.55 and its 200-day moving average is $10.45. Melar Acquisition Corp. I has a 12-month low of $9.98 and a 12-month high of $10.83.

Melar Acquisition Corp. I Company Profile

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.