Blue Water Acquisition Corp. III $BLUW Shares Sold by Harraden Circle Investments LLC

Key Points

• Harraden Circle Investments LLC cut its Blue Water Acquisition Corp. III stake by 35.2%, selling 571,958 shares during the second quarter. It retained 1,050,642 shares, representing 3.74% of BLUW and a value of approximately $10.85 million.
• BLUW shares opened at $10.37, near their 50-day and 200-day moving averages, with a 52-week range of $9.96 to $10.41. The company reported quarterly earnings of $0.08 per share.
• Analyst sentiment remains negative: Weiss Ratings upgraded the stock only from “sell (d-)” to “sell (d),” while MarketBeat reports a consensus “Sell” rating. Blue Water Acquisition Corp. III has no significant operations and is pursuing a business combination.

Harraden Circle Investments LLC decreased its holdings in Blue Water Acquisition Corp. III (NASDAQ:BLUW - Free Report) by 35.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,050,642 shares of the company's stock after selling 571,958 shares during the quarter. Harraden Circle Investments LLC owned 3.74% of Blue Water Acquisition Corp. III worth $10,853,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lineage Point Capital LP purchased a new stake in Blue Water Acquisition Corp. III during the 4th quarter worth approximately $1,130,000. Rivernorth Capital Management LLC boosted its position in Blue Water Acquisition Corp. III by 15.0% in the 4th quarter. Rivernorth Capital Management LLC now owns 451,223 shares of the company's stock valued at $4,657,000 after buying an additional 59,020 shares during the period. J. Goldman & Co LP acquired a new position in shares of Blue Water Acquisition Corp. III in the fourth quarter worth $3,764,000. Meteora Capital LLC acquired a new position in shares of Blue Water Acquisition Corp. III in the fourth quarter worth $2,620,000. Finally, PenderFund Capital Management Ltd. purchased a new stake in shares of Blue Water Acquisition Corp. III during the fourth quarter worth $232,000.

Blue Water Acquisition Corp. III Stock Down 0.1%

Shares of NASDAQ BLUW opened at $10.37 on Friday. The business has a 50-day moving average of $10.35 and a two-hundred day moving average of $10.31. Blue Water Acquisition Corp. III has a 1 year low of $9.96 and a 1 year high of $10.41.

Blue Water Acquisition Corp. III (NASDAQ:BLUW - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.08 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Blue Water Acquisition Corp. III from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Sell".

Blue Water Acquisition Corp. III Profile

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.

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