Black Hawk Acquisition (NASDAQ:BKHA) Trading Up 3.1% – Here’s Why

Black Hawk Acquisition Corporation (NASDAQ:BKHA)’s share price shot up 3.1% during trading on Friday . The company traded as high as $11.46 and last traded at $11.9650. 300 shares were traded during trading, a decline of 36% from the average session volume of 466 shares. The stock had previously closed at $11.60.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Black Hawk Acquisition in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Black Hawk Acquisition has a consensus rating of “Sell”.

Black Hawk Acquisition Stock Performance

The firm’s 50-day simple moving average is $11.58 and its 200 day simple moving average is $11.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BKHA. Wolverine Asset Management LLC lifted its holdings in shares of Black Hawk Acquisition by 0.9% in the second quarter. Wolverine Asset Management LLC now owns 354,549 shares of the company’s stock worth $3,765,000 after acquiring an additional 3,019 shares during the last quarter. Quarry LP bought a new stake in shares of Black Hawk Acquisition during the 3rd quarter valued at approximately $112,000. Clear Street LLC increased its position in Black Hawk Acquisition by 5.3% during the 2nd quarter. Clear Street LLC now owns 51,600 shares of the company’s stock worth $548,000 after purchasing an additional 2,600 shares in the last quarter. Berkley W R Corp lifted its stake in Black Hawk Acquisition by 5.6% in the 2nd quarter. Berkley W R Corp now owns 462,496 shares of the company’s stock valued at $4,917,000 after purchasing an additional 24,441 shares during the last quarter. Finally, Crossingbridge Advisors LLC acquired a new stake in Black Hawk Acquisition in the third quarter valued at approximately $588,000.

About Black Hawk Acquisition

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.