Black Hawk Acquisition (NASDAQ:BKHA) Issues Earnings Results

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

Black Hawk Acquisition Stock Down 0.7%

NASDAQ BKHA opened at $11.52 on Friday. Black Hawk Acquisition has a twelve month low of $10.48 and a twelve month high of $11.95. The business has a 50-day moving average price of $11.61 and a 200-day moving average price of $11.34.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BKHA. Quarry LP bought a new position in Black Hawk Acquisition in the 3rd quarter worth approximately $112,000. Clear Street LLC raised its position in shares of Black Hawk Acquisition by 5.3% during the second quarter. Clear Street LLC now owns 51,600 shares of the company’s stock valued at $548,000 after buying an additional 2,600 shares during the last quarter. Clear Street Group Inc. purchased a new position in shares of Black Hawk Acquisition in the third quarter worth $588,000. Crossingbridge Advisors LLC purchased a new position in shares of Black Hawk Acquisition in the third quarter worth $588,000. Finally, Meteora Capital LLC bought a new position in shares of Black Hawk Acquisition during the third quarter worth $1,111,000.

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.