Black Hawk Acquisition (NASDAQ:BKHA) Trading Up 0.5% – Still a Buy?

Black Hawk Acquisition Co. (NASDAQ:BKHA) shares were up 0.5% during trading on Thursday . The company traded as high as $10.48 and last traded at $10.48. Approximately 100 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 2,041 shares. The stock had previously closed at $10.43.

Black Hawk Acquisition Price Performance

The stock’s 50-day moving average is $10.41 and its 200 day moving average is $10.32.

Hedge Funds Weigh In On Black Hawk Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC boosted its stake in Black Hawk Acquisition by 13.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 113,243 shares of the company’s stock worth $1,158,000 after purchasing an additional 13,243 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Black Hawk Acquisition in the 4th quarter worth $243,000. Verition Fund Management LLC boosted its stake in Black Hawk Acquisition by 66.2% in the 3rd quarter. Verition Fund Management LLC now owns 76,300 shares of the company’s stock worth $781,000 after purchasing an additional 30,400 shares during the period. Rivernorth Capital Management LLC boosted its stake in Black Hawk Acquisition by 25.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 314,985 shares of the company’s stock worth $3,225,000 after purchasing an additional 63,015 shares during the period. Finally, Walleye Trading LLC acquired a new position in Black Hawk Acquisition in the 3rd quarter worth $737,000.

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.