Lineage Point Capital LP acquired a new position in Blue Water Acquisition Corp. III (NASDAQ:BLUW – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 109,531 shares of the company’s stock, valued at approximately $1,130,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLUW. PenderFund Capital Management Ltd. acquired a new stake in Blue Water Acquisition Corp. III during the 4th quarter valued at $232,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Blue Water Acquisition Corp. III during the third quarter valued at $399,000. Geode Capital Management LLC grew its holdings in shares of Blue Water Acquisition Corp. III by 193.0% during the fourth quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock valued at $634,000 after buying an additional 40,463 shares in the last quarter. Mangrove Partners IM LLC raised its position in Blue Water Acquisition Corp. III by 27.6% during the fourth quarter. Mangrove Partners IM LLC now owns 189,260 shares of the company’s stock valued at $1,953,000 after buying an additional 40,935 shares during the period. Finally, Bulldog Investors LLP acquired a new position in Blue Water Acquisition Corp. III during the third quarter valued at $414,000.
Blue Water Acquisition Corp. III Trading Down 0.1%
BLUW stock opened at $10.32 on Friday. The company has a 50 day moving average of $10.27 and a two-hundred day moving average of $10.30. Blue Water Acquisition Corp. III has a 12-month low of $9.93 and a 12-month high of $10.41.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on BLUW shares. Weiss Ratings raised Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. Wall Street Zen upgraded Blue Water Acquisition Corp. III to a “hold” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Blue Water Acquisition Corp. III presently has an average rating of “Sell”.
View Our Latest Research Report on Blue Water Acquisition Corp. III
Blue Water Acquisition Corp. III Profile
Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.
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