Wolverine Asset Management LLC Raises Position in Black Hawk Acquisition Corporation (NASDAQ:BKHA)

Key Points

• Wolverine Asset Management LLC increased its stake in Black Hawk Acquisition Corporation by 10.2%, owning 351,530 shares valued at approximately $3.7 million as of the last quarter.
• Other institutional investors, including GABELLI & Co and Toronto Dominion Bank, also acquired new stakes in Black Hawk Acquisition, with the latter’s investment worth $4.99 million.
• As of the latest update, Black Hawk Acquisition stock trades at $10.95, showing a range between a 52-week low of $10.16 and a high of $11.49.

Wolverine Asset Management LLC grew its holdings in Black Hawk Acquisition Corporation (NASDAQ:BKHA - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 351,530 shares of the company's stock after buying an additional 32,461 shares during the quarter. Wolverine Asset Management LLC owned approximately 3.94% of Black Hawk Acquisition worth $3,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BKHA. Toronto Dominion Bank purchased a new position in shares of Black Hawk Acquisition during the fourth quarter valued at about $4,995,000. Polar Asset Management Partners Inc. bought a new stake in Black Hawk Acquisition during the 4th quarter valued at approximately $1,038,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Black Hawk Acquisition during the 4th quarter worth approximately $243,000.

Black Hawk Acquisition Stock Performance

Shares of NASDAQ:BKHA remained flat at $10.95 during trading on Friday. The stock had a trading volume of 1,014 shares, compared to its average volume of 19,686. The company has a 50 day moving average of $10.79 and a two-hundred day moving average of $10.63. Black Hawk Acquisition Corporation has a 12-month low of $10.16 and a 12-month high of $11.49.

Black Hawk Acquisition 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.