Context Capital Management LLC Takes Position in Lake Superior Acquisition Corp $LKSP

Context Capital Management LLC purchased a new position in Lake Superior Acquisition Corp (NASDAQ:LKSP) in the fourth quarter, Holdings Channel.com reports. The fund purchased 175,000 shares of the company’s stock, valued at approximately $1,736,000.

Separately, Westchester Capital Management LLC purchased a new stake in Lake Superior Acquisition in the fourth quarter worth $1,988,000.

Lake Superior Acquisition Stock Down 0.0%

Shares of LKSP stock opened at $10.14 on Friday. The business has a fifty day simple moving average of $10.10. Lake Superior Acquisition Corp has a 52 week low of $9.89 and a 52 week high of $10.14.

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

Analysts Set New Price Targets

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

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.