Wolverine Asset Management LLC Has $2.43 Million Stock Holdings in Blue Water Acquisition Corp. III $BLUW

Key Points

• Wolverine Asset Management cut its stake in Blue Water Acquisition Corp. III by 55.7% in Q4, selling 295,264 shares and ending the quarter with 235,129 shares worth about $2.43 million (~0.84% ownership).
• Several large institutions initiated or added positions in BLUW in recent quarters, led by Two Sigma (~$7.94M), Radcliffe Capital (~$4.74M) and BNP Paribas (~$3.46M).
• Blue Water Acquisition Corp. III is a SPAC with no significant operations, trading around $10 (50-day SMA $10.30, 200-day SMA $10.24) and carrying a consensus "Sell" analyst rating despite at least one recent "hold" note.

Wolverine Asset Management LLC decreased its position in shares of Blue Water Acquisition Corp. III (NASDAQ:BLUW - Free Report) by 55.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 235,129 shares of the company's stock after selling 295,264 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.84% of Blue Water Acquisition Corp. III worth $2,427,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BLUW. Two Sigma Investments LP acquired a new stake in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $7,943,000. Ghisallo Capital Management LLC acquired a new stake in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $1,994,000. Mangrove Partners IM LLC acquired a new stake in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $1,479,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $4,740,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $3,455,000.

Blue Water Acquisition Corp. III Price Performance

NASDAQ BLUW opened at $10.25 on Tuesday. The business has a 50 day simple moving average of $10.30 and a 200 day simple moving average of $10.24. Blue Water Acquisition Corp. III has a 52-week low of $9.93 and a 52-week high of $10.41.

Analyst Ratings Changes

A number of analysts recently weighed in on BLUW shares. Weiss Ratings upgraded shares of Blue Water Acquisition Corp. III from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, April 24th. Wall Street Zen raised Blue Water Acquisition Corp. III to a "hold" rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

Blue Water Acquisition Corp. III Company 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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