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Black Hawk Acquisition (NASDAQ:BKHA) Given Sell (D) Rating at Weiss Ratings

Black Hawk Acquisition logo with Financial Services background

Key Points

  • Black Hawk Acquisition (NASDAQ:BKHA) has received a "sell (D)" rating from Weiss Ratings, indicating a negative outlook on the stock.
  • As of Wednesday, BKHA's stock price is $11.11, with a one-year low of $10.25 and a high of $11.49.
  • Recent institutional activity includes significant investments from hedge funds, with Westchester Capital Management acquiring a stake worth approximately $3.16 million in the first quarter.
  • Five stocks to consider instead of Black Hawk Acquisition.

Black Hawk Acquisition (NASDAQ:BKHA - Get Free Report)'s stock had its "sell (d)" rating reissued by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Black Hawk Acquisition Price Performance

Shares of BKHA stock traded down $0.02 during mid-day trading on Wednesday, reaching $11.11. The stock had a trading volume of 610 shares, compared to its average volume of 14,141. Black Hawk Acquisition has a one year low of $10.25 and a one year high of $11.49. The firm's 50 day simple moving average is $11.04 and its 200 day simple moving average is $10.80.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Gabelli Funds LLC bought a new stake in Black Hawk Acquisition in the first quarter valued at about $237,000. Clear Street LLC boosted its holdings in shares of Black Hawk Acquisition by 5.3% in the second 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 period. Westchester Capital Management LLC bought a new stake in shares of Black Hawk Acquisition during the first quarter worth $3,162,000. Wolverine Asset Management LLC raised its holdings in shares of Black Hawk Acquisition by 10.2% during the first quarter. Wolverine Asset Management LLC now owns 351,530 shares of the company's stock worth $3,702,000 after acquiring an additional 32,461 shares during the period. Finally, Berkley W R Corp lifted its position 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 acquiring an additional 24,441 shares in the last quarter.

About Black Hawk Acquisition

(Get Free Report)

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.

See Also

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