Black Hawk Acquisition (NASDAQ:BKHA) Posts Earnings Results

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

Black Hawk Acquisition Trading Up 16.7%

Shares of NASDAQ BKHA traded up $2.00 during midday trading on Wednesday, hitting $13.96. The stock had a trading volume of 3,763 shares, compared to its average volume of 1,269. The business’s 50 day moving average is $12.16 and its 200-day moving average is $11.80. Black Hawk Acquisition has a 52 week low of $10.65 and a 52 week high of $13.09.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Black Hawk Acquisition

A number of hedge funds have recently added to or reduced their stakes in the company. Meteora Capital LLC purchased a new stake in Black Hawk Acquisition during the 3rd quarter valued at $1,111,000. Quarry LP bought a new stake in shares of Black Hawk Acquisition in the third quarter worth $112,000. Finally, Clear Street Group Inc. increased its position in shares of Black Hawk Acquisition by 11.6% during the 4th quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock valued at $664,000 after purchasing an additional 6,158 shares during the last quarter.

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.