Sona Asset Management US LLC purchased a new stake in shares of Lake Superior Acquisition Corp (NASDAQ:LKSP – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor purchased 88,790 shares of the company’s stock, valued at approximately $892,000.
Several other institutional investors also recently modified their holdings of LKSP. Virtu Financial LLC bought a new stake in Lake Superior Acquisition during the fourth quarter valued at approximately $359,000. TrueMark Investments LLC bought a new stake in shares of Lake Superior Acquisition during the 1st quarter worth $363,000. Moore Capital Management LP purchased a new position in Lake Superior Acquisition in the fourth quarter worth $1,042,000. Context Capital Management LLC bought a new position in Lake Superior Acquisition in the fourth quarter valued at $1,736,000. Finally, Lineage Point Capital LP bought a new position in shares of Lake Superior Acquisition during the 4th quarter valued at $1,984,000.
Lake Superior Acquisition Price Performance
NASDAQ:LKSP opened at $10.16 on Monday. The stock has a 50-day moving average of $10.14. Lake Superior Acquisition Corp has a 12 month low of $9.89 and a 12 month high of $10.17.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lake Superior Acquisition presently has a consensus rating of “Sell”.
View Our Latest Report on LKSP
About Lake Superior Acquisition
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.
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