Radcliffe Capital Management L.P. Buys Shares of 210,000 Lake Superior Acquisition Corp $LKSP

Radcliffe Capital Management L.P. purchased a new position in shares of Lake Superior Acquisition Corp (NASDAQ:LKSP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 210,000 shares of the company’s stock, valued at approximately $2,083,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LKSP. Context Capital Management LLC bought a new stake in shares of Lake Superior Acquisition in the 4th quarter valued at $1,736,000. Westchester Capital Management LLC bought a new position in Lake Superior Acquisition during the fourth quarter worth $1,988,000. Clear Street Group Inc. bought a new position in Lake Superior Acquisition during the fourth quarter worth $2,976,000. Hudson Bay Capital Management LP acquired a new position in Lake Superior Acquisition in the fourth quarter valued at $4,175,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Lake Superior Acquisition in the fourth quarter valued at $4,970,000.

Lake Superior Acquisition Price Performance

Shares of Lake Superior Acquisition stock opened at $10.14 on Wednesday. The company has a 50-day moving average price of $10.10. Lake Superior Acquisition Corp has a one year low of $9.89 and a one year high of $10.14.

Lake Superior Acquisition (NASDAQ:LKSP) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Lake Superior Acquisition Company Profile

Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify, acquire or merge with one or more businesses. As a blank‑check vehicle, its principal purpose is to raise capital in the public markets and use those proceeds, typically held in trust, to complete a business combination that delivers an operating company to public investors.

The company’s primary activities center on sourcing, negotiating and consummating an initial business combination.