Black Hawk Acquisition (NASDAQ:BKHA) Announces Earnings Results

Black Hawk Acquisition (NASDAQ:BKHA) posted its quarterly earnings results on Friday. The company reported $0.02 EPS for the quarter, FiscalAI reports.

Black Hawk Acquisition Trading Down 0.7%

Black Hawk Acquisition stock opened at $11.52 on Friday. The stock has a 50-day moving average price of $11.61 and a two-hundred day moving average price of $11.34. Black Hawk Acquisition has a 12 month low of $10.48 and a 12 month high of $11.95.

Institutional Trading of Black Hawk Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in BKHA. Clear Street LLC raised 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 buying an additional 2,600 shares during the last quarter. Berkley W R Corp grew its holdings in Black Hawk Acquisition by 5.6% during the 2nd quarter. Berkley W R Corp now owns 462,496 shares of the company’s stock worth $4,917,000 after acquiring an additional 24,441 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in 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 acquiring an additional 4,339 shares during the last quarter. Crossingbridge Advisors LLC acquired a new position in Black Hawk Acquisition in the 3rd quarter valued at approximately $588,000. Finally, Clear Street Group Inc. acquired a new position in Black Hawk Acquisition in the 3rd quarter valued at approximately $588,000.

Analyst Upgrades and Downgrades

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 MarketBeat.com, Black Hawk Acquisition has an average rating of “Sell”.

Black Hawk Acquisition Company 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.