Rivernorth Capital Management LLC Buys 63,015 Shares of Black Hawk Acquisition Co. (NASDAQ:BKHA)

Rivernorth Capital Management LLC lifted its stake in shares of Black Hawk Acquisition Co. (NASDAQ:BKHA) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 314,985 shares of the company’s stock after acquiring an additional 63,015 shares during the quarter. Rivernorth Capital Management LLC owned about 3.53% of Black Hawk Acquisition worth $3,225,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Cowen AND Company LLC bought a new position in Black Hawk Acquisition in the 2nd quarter worth $544,000. Walleye Capital LLC acquired a new stake in shares of Black Hawk Acquisition in the third quarter valued at about $1,309,000. Berkley W R Corp bought a new position in shares of Black Hawk Acquisition in the third quarter worth about $4,486,000. Wolverine Asset Management LLC acquired a new position in shares of Black Hawk Acquisition during the 2nd quarter worth about $1,014,000. Finally, Verition Fund Management LLC boosted its stake in Black Hawk Acquisition by 66.2% during the 3rd quarter. Verition Fund Management LLC now owns 76,300 shares of the company’s stock valued at $781,000 after purchasing an additional 30,400 shares during the period.

Black Hawk Acquisition Price Performance

BKHA opened at $10.35 on Friday. The stock’s 50 day moving average price is $10.32 and its two-hundred day moving average price is $10.22. Black Hawk Acquisition Co. has a 12-month low of $10.09 and a 12-month high of $10.46.

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.