share_log

Pinz Capital Management LP Has $3.99 Million Position in Black Mountain Acquisition Corp. (NYSE:BMAC)

Financial News Live ·  Sep 11, 2022 11:01

Pinz Capital Management LP trimmed its stake in shares of Black Mountain Acquisition Corp. (NYSE:BMAC – Get Rating) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 402,238 shares of the company's stock after selling 1,700 shares during the period. Black Mountain Acquisition comprises about 2.5% of Pinz Capital Management LP's portfolio, making the stock its 5th largest position. Pinz Capital Management LP owned about 1.30% of Black Mountain Acquisition worth $3,994,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can bought a new stake in Black Mountain Acquisition in the 1st quarter valued at approximately $9,462,000. Beryl Capital Management LLC acquired a new stake in shares of Black Mountain Acquisition in the fourth quarter valued at approximately $7,299,000. Eisler Capital UK Ltd. bought a new stake in shares of Black Mountain Acquisition in the fourth quarter worth $2,496,000. Starboard Value LP acquired a new position in Black Mountain Acquisition during the fourth quarter worth $2,364,000. Finally, Granby Capital Management LLC bought a new position in Black Mountain Acquisition in the first quarter valued at $248,000. 70.34% of the stock is owned by institutional investors.

Get Black Mountain Acquisition alerts:

Black Mountain Acquisition Stock Up 0.4 %

BMAC stock traded up $0.04 during midday trading on Friday, hitting $10.03. The company's stock had a trading volume of 2,144 shares, compared to its average volume of 35,656. The company's fifty day moving average price is $9.99 and its 200 day moving average price is $9.96. Black Mountain Acquisition Corp. has a twelve month low of $9.76 and a twelve month high of $10.06.

About Black Mountain Acquisition

(Get Rating)

Black Mountain Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Fort Worth, Texas.

See Also

  • Get a free copy of the StockNews.com research report on Black Mountain Acquisition (BMAC)
  • MarketBeat: Week in Review 9/5 – 9/9
  • Prepare For A Record-Setting Quarter For Cyber Security Stocks
  • The Auto Market Is Slowly Recovering, These Stocks May Outperform
  • Is DocuSign On The Verge Of A Major Reversal?
  • Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy

Want to see what other hedge funds are holding BMAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Black Mountain Acquisition Corp. (NYSE:BMAC – Get Rating).

Receive News & Ratings for Black Mountain Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Mountain Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment