Weiss Ratings Reaffirms "Sell (D)" Rating for Black Hawk Acquisition (NASDAQ:BKHA)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D)" rating for Black Hawk Acquisition (NASDAQ:BKHA), suggesting a negative outlook for the stock.
• Black Hawk Acquisition's stock price increased by 1.3% during trading hours, reaching $11.40, with a 52-week range of $10.30 to $11.95.
• Several institutional investors, including Berkley W R Corp and Clear Street LLC, have recently adjusted their stakes in Black Hawk Acquisition, demonstrating varied investor interest.

Black Hawk Acquisition (NASDAQ:BKHA - Get Free Report)'s stock had its "sell (d)" rating restated by investment analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Black Hawk Acquisition Stock Up 1.3%

NASDAQ:BKHA traded up $0.15 during trading hours on Friday, hitting $11.40. 12,553 shares of the company were exchanged, compared to its average volume of 13,483. Black Hawk Acquisition has a 52-week low of $10.30 and a 52-week high of $11.95. The company's 50 day moving average price is $11.09 and its 200-day moving average price is $10.85.

Institutional Investors Weigh In On Black Hawk Acquisition

Several hedge funds have recently added to or reduced their stakes in BKHA. Berkley W R Corp grew its position in Black Hawk Acquisition by 5.6% during the 2nd quarter. Berkley W R Corp now owns 462,496 shares of the company's stock worth $4,917,000 after purchasing an additional 24,441 shares during the period. Clear Street LLC grew its holdings in Black Hawk Acquisition by 5.3% during the second quarter. Clear Street LLC now owns 51,600 shares of the company's stock worth $548,000 after acquiring an additional 2,600 shares during the period. Wolverine Asset Management LLC raised its position in Black Hawk Acquisition by 0.9% during the second quarter. Wolverine Asset Management LLC now owns 354,549 shares of the company's stock valued at $3,765,000 after acquiring an additional 3,019 shares in the last quarter. Gabelli Funds LLC acquired a new position in Black Hawk Acquisition in the first quarter valued at approximately $237,000. Finally, Westchester Capital Management LLC purchased a new stake in Black Hawk Acquisition in the 1st quarter worth approximately $3,162,000.

About Black Hawk Acquisition

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.

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