Context Capital Management LLC Buys New Holdings in Blue Water Acquisition Corp. III $BLUW

Context Capital Management LLC purchased a new position in Blue Water Acquisition Corp. III (NASDAQ:BLUW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company’s stock, valued at approximately $519,000.

Blue Water Acquisition Corp. III Stock Up 0.2%

NASDAQ:BLUW opened at $10.43 on Wednesday. Blue Water Acquisition Corp. III has a 1 year low of $10.02 and a 1 year high of $10.43. The stock has a 50-day simple moving average of $10.38 and a 200-day simple moving average of $10.33.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last issued its earnings results on Wednesday, August 12th. The company reported $0.08 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Blue Water Acquisition Corp. III from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) organized to pursue a business combination with one or more operating companies. Its activities are focused on identifying a target business and completing a merger, acquisition, share exchange, or similar transaction. Unlike an operating company, Blue Water Acquisition Corp. III does not appear to offer its own products or services. Its primary corporate activities involve raising capital through a public offering, evaluating potential acquisition candidates, and seeking shareholder approval for a proposed transaction.