Lake Superior Acquisition (NASDAQ:LKSP) Issues Quarterly Earnings Results

Lake Superior Acquisition (NASDAQ:LKSP) posted its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, Zacks reports.

Lake Superior Acquisition Stock Down 0.0%

Shares of LKSP traded down $0.01 during mid-day trading on Wednesday, reaching $10.11. The company had a trading volume of 2,896 shares, compared to its average volume of 6,650. Lake Superior Acquisition has a 52-week low of $9.89 and a 52-week high of $10.11. The company has a 50 day moving average price of $10.05.

Hedge Funds Weigh In On Lake Superior Acquisition

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Lake Superior Acquisition in the 4th quarter worth about $359,000. Moore Capital Management LP acquired a new position in shares of Lake Superior Acquisition during the fourth quarter valued at approximately $1,042,000. Westchester Capital Management LLC acquired a new stake in shares of Lake Superior Acquisition in the fourth quarter valued at approximately $1,988,000. Toronto Dominion Bank acquired a new stake in shares of Lake Superior Acquisition in the fourth quarter valued at approximately $1,984,000. Finally, Heights Capital Management Inc. acquired a new stake in shares of Lake Superior Acquisition in the fourth quarter valued at approximately $2,087,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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.