Black Hawk Acquisition (NASDAQ:BKHA) Trading 0.2% Higher - Time to Buy?

Shares of Black Hawk Acquisition Corporation (NASDAQ:BKHA - Get Free Report) rose 0.2% during mid-day trading on Wednesday . The company traded as high as $10.95 and last traded at $10.88. Approximately 411 shares were traded during trading, a decline of 98% from the average daily volume of 22,313 shares. The stock had previously closed at $10.86.

Black Hawk Acquisition Trading Down 0.0%

The stock's fifty day simple moving average is $10.69 and its 200-day simple moving average is $10.57.

Institutional Investors Weigh In On Black Hawk Acquisition

Several hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC acquired a new position in Black Hawk Acquisition in the first quarter worth about $237,000. Westchester Capital Management LLC acquired a new stake in shares of Black Hawk Acquisition during the first quarter worth approximately $3,162,000. Mizuho Securities USA LLC increased its holdings in shares of Black Hawk Acquisition by 11.5% in the first quarter. Mizuho Securities USA LLC now owns 767,000 shares of the company's stock valued at $8,015,000 after purchasing an additional 78,925 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Black Hawk Acquisition by 10.2% in the first quarter. Wolverine Asset Management LLC now owns 351,530 shares of the company's stock valued at $3,702,000 after purchasing an additional 32,461 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Black Hawk Acquisition in the fourth quarter valued at approximately $1,038,000.

Black Hawk Acquisition Company Profile

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.