Dark Forest Capital Management LP Grows Stake in Black Mountain Acquisition Corp. (NYSE:BMAC)

Dark Forest Capital Management LP boosted its holdings in shares of Black Mountain Acquisition Corp. (NYSE:BMACGet Rating) by 227.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,893 shares of the company’s stock after purchasing an additional 11,731 shares during the quarter. Dark Forest Capital Management LP’s holdings in Black Mountain Acquisition were worth $168,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in Black Mountain Acquisition in the 1st quarter worth $9,462,000. Granby Capital Management LLC bought a new position in Black Mountain Acquisition during the first quarter valued at approximately $248,000. Goldman Sachs Group Inc. purchased a new position in Black Mountain Acquisition during the 1st quarter valued at approximately $2,433,000. Royal Bank of Canada increased its stake in Black Mountain Acquisition by 1,122.5% in the 1st quarter. Royal Bank of Canada now owns 59,901 shares of the company’s stock worth $595,000 after acquiring an additional 55,001 shares during the last quarter. Finally, OTA Financial Group L.P. purchased a new stake in shares of Black Mountain Acquisition during the 2nd quarter worth approximately $251,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Black Mountain Acquisition Stock Performance

NYSE BMAC opened at $10.15 on Friday. The stock has a 50 day moving average price of $10.07 and a 200-day moving average price of $10.01. Black Mountain Acquisition Corp. has a one year low of $9.82 and a one year high of $10.16.

Black Mountain Acquisition Company Profile

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Black Mountain Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Fort Worth, Texas.

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Institutional Ownership by Quarter for Black Mountain Acquisition (NYSE:BMAC)

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