Black Hawk Acquisition (NASDAQ:BKHA) Trading 0.8% Higher – Should You Buy?

Shares of Black Hawk Acquisition Co. (NASDAQ:BKHAGet Free Report) shot up 0.8% on Monday . The stock traded as high as $10.57 and last traded at $10.62. 7,603 shares were traded during trading, a decline of 82% from the average session volume of 41,265 shares. The stock had previously closed at $10.53.

Black Hawk Acquisition Stock Up 0.8 %

The firm has a fifty day moving average of $10.50 and a two-hundred day moving average of $10.40.

Hedge Funds Weigh In On Black Hawk Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mizuho Securities USA LLC raised its position in shares of Black Hawk Acquisition by 14.2% in the fourth quarter. Mizuho Securities USA LLC now owns 688,075 shares of the company’s stock valued at $7,108,000 after purchasing an additional 85,635 shares during the period. Toronto Dominion Bank purchased a new position in Black Hawk Acquisition in the 4th quarter valued at approximately $4,995,000. Wolverine Asset Management LLC raised its holdings in Black Hawk Acquisition by 181.8% during the 4th quarter. Wolverine Asset Management LLC now owns 319,069 shares of the company’s stock valued at $3,312,000 after acquiring an additional 205,826 shares during the period. Rivernorth Capital Management LLC lifted its position in shares of Black Hawk Acquisition by 25.0% during the third quarter. Rivernorth Capital Management LLC now owns 314,985 shares of the company’s stock worth $3,225,000 after acquiring an additional 63,015 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Black Hawk Acquisition during the fourth quarter worth $1,038,000.

Black Hawk Acquisition Company Profile

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Black Hawk Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Danville, California.

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