Wolverine Asset Management LLC purchased a new stake in shares of Black Ridge Acquisition Corp (NASDAQ:BRACU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $304,000.
Several other institutional investors and hedge funds have also recently modified their holdings of BRACU. Context Capital Management LLC bought a new stake in Black Ridge Acquisition in the fourth quarter valued at about $1,419,000. Hudson Bay Capital Management LP bought a new stake in Black Ridge Acquisition in the fourth quarter valued at about $4,309,000. Bulldog Investors LLC bought a new stake in Black Ridge Acquisition in the fourth quarter valued at about $3,538,000. Finally, HGC Investment Management Inc. bought a new stake in Black Ridge Acquisition in the fourth quarter valued at about $304,000.
Shares of Black Ridge Acquisition stock traded up $0.02 during trading hours on Friday, hitting $10.46. The company’s stock had a trading volume of 100 shares, compared to its average volume of 14,279. Black Ridge Acquisition Corp has a 12 month low of $9.97 and a 12 month high of $10.56.
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Black Ridge Acquisition Company Profile
Black Ridge Acquisition Corp. is a blank check company. The Company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, and reorganization or other similar business combination with one or more businesses or entities. The Company seeks to focus on search for target businesses in the energy or energy-related industries.
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