Lineage Point Capital LP Purchases New Position in Lake Superior Acquisition Corp $LKSP

Lineage Point Capital LP bought a new position in Lake Superior Acquisition Corp (NASDAQ:LKSP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 200,000 shares of the company’s stock, valued at approximately $1,984,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Radcliffe Capital Management L.P. bought a new position in shares of Lake Superior Acquisition in the fourth quarter worth about $2,083,000. Aristeia Capital L.L.C. acquired a new position in shares of Lake Superior Acquisition during the fourth quarter worth approximately $4,166,000. Context Capital Management LLC bought a new stake in shares of Lake Superior Acquisition during the fourth quarter valued at approximately $1,736,000. Clear Street Group Inc. bought a new position in Lake Superior Acquisition in the 4th quarter valued at $2,976,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Lake Superior Acquisition in the fourth quarter worth about $4,970,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lake Superior Acquisition currently has an average rating of “Sell”.

Lake Superior Acquisition Price Performance

Shares of Lake Superior Acquisition stock opened at $10.15 on Friday. Lake Superior Acquisition Corp has a 1 year low of $9.89 and a 1 year high of $10.15. The stock has a 50-day simple moving average of $10.11.

Lake Superior Acquisition (NASDAQ:LKSP) last posted its earnings results on Wednesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Lake Superior Acquisition Profile

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.