Deltec Asset Management LLC acquired a new stake in Lake Superior Acquisition Corp (NASDAQ:LKSP – Free Report) in the third quarter, HoldingsChannel.com reports. The firm acquired 58,221 shares of the company’s stock, valued at approximately $597,000.
Several other large investors have also modified their holdings of LKSP. Robinson Capital Management LLC acquired a new position in shares of Lake Superior Acquisition in the 2nd quarter valued at $152,000. Rivernorth Capital Management LLC acquired a new stake in Lake Superior Acquisition during the 1st quarter worth $3,015,000. Finally, Sona Asset Management US LLC acquired a new stake in Lake Superior Acquisition during the 1st quarter worth $892,000.
Lake Superior Acquisition Price Performance
Shares of LKSP stock opened at $10.29 on Tuesday. The stock has a 50 day simple moving average of $10.24 and a 200-day simple moving average of $10.14. Lake Superior Acquisition Corp has a 12-month low of $9.89 and a 12-month high of $10.30.
Lake Superior Acquisition (NASDAQ:LKSP – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Lake Superior Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Check Out Our Latest Analysis on LKSP
Lake Superior Acquisition Company Profile
Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. The company does not have significant operating activities of its own and was established to raise capital through the public markets for a potential merger, acquisition, or similar transaction.
Lake Superior Acquisition’s management team evaluates potential target companies and may pursue a transaction in a range of industries or geographic markets, subject to the terms of its formation documents and applicable regulatory requirements.
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