Berkley W R Corp Trims Position in Black Hawk Acquisition Corporation $BKHA

Berkley W R Corp decreased its position in shares of Black Hawk Acquisition Corporation (NASDAQ:BKHA) by 33.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 308,584 shares of the company’s stock after selling 153,912 shares during the quarter. Berkley W R Corp owned approximately 0.07% of Black Hawk Acquisition worth $3,428,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Clear Street LLC increased its stake in Black Hawk Acquisition by 5.3% in the 2nd quarter. Clear Street LLC now owns 51,600 shares of the company’s stock worth $548,000 after buying an additional 2,600 shares in the last quarter. Crossingbridge Advisors LLC bought a new stake in Black Hawk Acquisition during the third quarter valued at about $588,000. Finally, Wolverine Asset Management LLC lifted its position in shares of Black Hawk Acquisition by 1.2% in the third quarter. Wolverine Asset Management LLC now owns 358,888 shares of the company’s stock valued at $4,016,000 after acquiring an additional 4,339 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Black Hawk Acquisition Price Performance

BKHA stock opened at $11.55 on Friday. The company’s fifty day moving average price is $11.64 and its 200-day moving average price is $11.37. Black Hawk Acquisition Corporation has a one year low of $10.51 and a one year high of $11.95.

Black Hawk Acquisition (NASDAQ:BKHA) last posted its earnings results on Friday, March 6th. The company reported $0.02 earnings per share for the quarter.

About Black Hawk Acquisition

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.