ATW Spac Management LLC Lowers Position in Black Hawk Acquisition Corporation $BKHA

ATW Spac Management LLC trimmed its holdings in shares of Black Hawk Acquisition Corporation (NASDAQ:BKHA) by 59.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,999 shares of the company’s stock after selling 178,029 shares during the quarter. Black Hawk Acquisition accounts for approximately 1.7% of ATW Spac Management LLC’s portfolio, making the stock its 18th biggest position. ATW Spac Management LLC owned about 2.89% of Black Hawk Acquisition worth $1,334,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Berkley W R Corp increased its position in shares of Black Hawk Acquisition by 5.6% during the second quarter. Berkley W R Corp now owns 462,496 shares of the company’s stock valued at $4,917,000 after acquiring an additional 24,441 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of Black Hawk Acquisition by 1.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 358,888 shares of the company’s stock worth $4,016,000 after purchasing an additional 4,339 shares during the period. Finally, Clear Street LLC increased its holdings in Black Hawk Acquisition by 5.3% in the 2nd quarter. Clear Street LLC now owns 51,600 shares of the company’s stock valued at $548,000 after purchasing an additional 2,600 shares during the last quarter.

Black Hawk Acquisition Stock Performance

Shares of BKHA opened at $11.76 on Wednesday. Black Hawk Acquisition Corporation has a twelve month low of $10.48 and a twelve month high of $11.95. The firm’s fifty day simple moving average is $11.59 and its 200-day simple moving average is $11.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Black Hawk Acquisition in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Black Hawk Acquisition Profile

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.