Westchester Capital Management LLC Invests $3.16 Million in Black Hawk Acquisition Corporation $BKHA

Key Points

• Westchester Capital Management LLC acquired 300,000 shares of Black Hawk Acquisition Corporation, representing about 3.36% ownership, valued at approximately $3.16 million.
• Other large investors, including Polar Asset Management Partners Inc. and Mizuho Securities USA LLC, have also increased their stakes in Black Hawk Acquisition recently.
• As of the latest trading session, shares of Black Hawk Acquisition Corporation were priced at $10.97, with a 52-week range between $10.19 and $11.49.

Westchester Capital Management LLC purchased a new position in Black Hawk Acquisition Corporation (NASDAQ:BKHA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 300,000 shares of the company's stock, valued at approximately $3,162,000. Westchester Capital Management LLC owned 3.36% of Black Hawk Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in BKHA. Polar Asset Management Partners Inc. bought a new position in Black Hawk Acquisition in the fourth quarter valued at $1,038,000. Wolverine Asset Management LLC increased its stake in 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 acquiring an additional 32,461 shares during the last quarter. Toronto Dominion Bank bought a new position in Black Hawk Acquisition in the fourth quarter valued at $4,995,000. Finally, Mizuho Securities USA LLC increased its stake in 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 acquiring an additional 78,925 shares during the last quarter.

Black Hawk Acquisition Stock Performance

NASDAQ BKHA traded down $0.23 during trading on Thursday, hitting $10.76. 100 shares of the company's stock traded hands, compared to its average volume of 1,177. The stock has a fifty day moving average of $10.89 and a two-hundred day moving average of $10.68. Black Hawk Acquisition Corporation has a 12-month low of $10.19 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.