Black Hawk Acquisition (NASDAQ:BKHA) Issues Earnings Results

Black Hawk Acquisition (NASDAQ:BKHA) issued its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports.

Black Hawk Acquisition Trading Up 16.7%

NASDAQ BKHA opened at $13.96 on Thursday. The firm’s 50 day simple moving average is $12.20 and its 200 day simple moving average is $11.82. Black Hawk Acquisition has a 1 year low of $10.65 and a 1 year high of $13.09.

Institutional Investors Weigh In On Black Hawk Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Black Hawk Acquisition in the 3rd quarter valued at $112,000. Meteora Capital LLC acquired a new position in shares of Black Hawk Acquisition during the 3rd quarter worth $1,111,000. Finally, Clear Street Group Inc. lifted its position in shares of Black Hawk Acquisition by 11.6% during the 4th quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock worth $664,000 after buying an additional 6,158 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Black Hawk Acquisition in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Black Hawk Acquisition has a consensus rating of “Sell”.

Black Hawk Acquisition Company Profile

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.