Lake Superior Acquisition (NASDAQ:LKSP) Announces Earnings Results

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

Lake Superior Acquisition Stock Performance

LKSP traded down $0.01 during trading hours on Thursday, reaching $10.10. The company’s stock had a trading volume of 3,084 shares, compared to its average volume of 38,985. The business has a 50-day moving average of $10.05. Lake Superior Acquisition has a fifty-two week low of $9.89 and a fifty-two week high of $10.11.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Lake Superior Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of LKSP. AQR Arbitrage LLC purchased a new stake in Lake Superior Acquisition in the 4th quarter valued at about $5,414,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Lake Superior Acquisition during the fourth quarter valued at about $4,970,000. Hudson Bay Capital Management LP purchased a new stake in shares of Lake Superior Acquisition in the 4th quarter valued at approximately $4,175,000. Polar Asset Management Partners Inc. acquired a new position in shares of Lake Superior Acquisition in the 4th quarter worth approximately $4,171,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in shares of Lake Superior Acquisition during the 4th quarter worth approximately $3,472,000.

Lake Superior Acquisition Company 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.