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

Black Hawk Acquisition Co. (NASDAQ:BKHA) rose 0.5% on Thursday . The stock 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 Stock Up 0.5 %

The company has a fifty day moving average price of $10.41 and a two-hundred day moving average price of $10.32.

Hedge Funds Weigh In On Black Hawk Acquisition

Hedge funds have recently modified their holdings of the stock. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Black Hawk Acquisition in the 4th quarter valued at about $243,000. Walleye Trading LLC bought a new position in shares of Black Hawk Acquisition in the 3rd quarter valued at about $737,000. Verition Fund Management LLC grew its holdings in shares of Black Hawk Acquisition by 66.2% in the 3rd quarter. Verition Fund Management LLC now owns 76,300 shares of the company’s stock valued at $781,000 after acquiring an additional 30,400 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Black Hawk Acquisition in the 4th quarter valued at about $1,038,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of Black Hawk Acquisition by 13.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 113,243 shares of the company’s stock valued at $1,158,000 after acquiring an additional 13,243 shares in the last quarter.

Black Hawk Acquisition Company Profile

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.