175,000 Shares of Lake Superior Acquisition Corp $LKSP Bought by Context Capital Management LLC

Context Capital Management LLC bought a new stake in shares of Lake Superior Acquisition Corp (NASDAQ:LKSP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 175,000 shares of the company’s stock, valued at approximately $1,794,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Robinson Capital Management LLC bought a new stake in Lake Superior Acquisition in the second quarter valued at approximately $152,000. Deltec Asset Management LLC bought a new position in shares of Lake Superior Acquisition in the third quarter worth approximately $597,000. Sona Asset Management US LLC purchased a new position in shares of Lake Superior Acquisition in the first quarter worth $892,000. Finally, Rivernorth Capital Management LLC purchased a new position in shares of Lake Superior Acquisition in the first quarter worth $3,015,000.

Lake Superior Acquisition Price Performance

NASDAQ LKSP opened at $10.32 on Wednesday. Lake Superior Acquisition Corp has a 1 year low of $9.90 and a 1 year high of $10.33. The business’s 50-day moving average is $10.26 and its 200 day moving average is $10.15.

Lake Superior Acquisition (NASDAQ:LKSP) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.05 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Lake Superior Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Lake Superior Acquisition 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.