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

Shares of 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. 100 shares traded 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 business has a 50 day simple moving average of $10.41 and a 200-day simple moving average of $10.32.

Hedge Funds Weigh In On Black Hawk Acquisition

Several institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank purchased a new position in Black Hawk Acquisition in the fourth quarter valued at about $4,995,000. Berkley W R Corp bought a new stake in shares of Black Hawk Acquisition in the 3rd quarter worth approximately $4,486,000. Wolverine Asset Management LLC lifted its stake in Black Hawk Acquisition by 181.8% in the fourth quarter. Wolverine Asset Management LLC now owns 319,069 shares of the company’s stock valued at $3,312,000 after purchasing an additional 205,826 shares during the last quarter. Walleye Capital LLC bought a new position in Black Hawk Acquisition during the third quarter valued at $1,309,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Black Hawk Acquisition in the fourth quarter worth $1,038,000.

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.