Blue Water Acquisition Corp. III (NASDAQ:BLUW) Issues Earnings Results

Blue Water Acquisition Corp. III (NASDAQ:BLUW) issued its earnings results on Friday. The company reported $0.08 earnings per share for the quarter, FiscalAI reports.

Blue Water Acquisition Corp. III Stock Performance

Shares of Blue Water Acquisition Corp. III stock traded up $0.02 during trading on Friday, hitting $10.27. The stock had a trading volume of 2,891 shares, compared to its average volume of 36,405. The stock has a 50 day simple moving average of $10.28 and a 200 day simple moving average of $10.26. Blue Water Acquisition Corp. III has a 1 year low of $9.93 and a 1 year high of $10.41.

Analyst Ratings Changes

A number of brokerages have recently commented on BLUW. Wall Street Zen upgraded Blue Water Acquisition Corp. III to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings raised Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Blue Water Acquisition Corp. III presently has an average rating of “Sell”.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. L1 Global Manager Pty Ltd purchased a new stake in shares of Blue Water Acquisition Corp. III in the fourth quarter valued at $1,032,000. Bulldog Investors LLP purchased a new position in shares of Blue Water Acquisition Corp. III during the third quarter valued at $414,000. Radcliffe Capital Management L.P. acquired a new position in Blue Water Acquisition Corp. III during the third quarter valued at $4,740,000. Ghisallo Capital Management LLC acquired a new position in Blue Water Acquisition Corp. III during the third quarter valued at $1,994,000. Finally, Mangrove Partners IM LLC purchased a new stake in Blue Water Acquisition Corp. III in the 3rd quarter worth about $1,479,000.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.