Lineage Point Capital LP Purchases Shares of 200,000 Lake Superior Acquisition Corp $LKSP

Lineage Point Capital LP bought a new stake in shares of Lake Superior Acquisition Corp (NASDAQ:LKSP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 200,000 shares of the company’s stock, valued at approximately $1,984,000. Lineage Point Capital LP owned approximately 1.69% of Lake Superior Acquisition at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Lake Superior Acquisition in the fourth quarter valued at approximately $359,000. Moore Capital Management LP acquired a new position in shares of Lake Superior Acquisition in the fourth quarter worth about $1,042,000. Context Capital Management LLC purchased a new position in shares of Lake Superior Acquisition in the fourth quarter worth approximately $1,736,000. Toronto Dominion Bank acquired a new stake in shares of Lake Superior Acquisition during the fourth quarter valued at approximately $1,984,000. Finally, Westchester Capital Management LLC acquired a new stake in shares of Lake Superior Acquisition during the fourth quarter valued at approximately $1,988,000.

Lake Superior Acquisition Stock Performance

Shares of NASDAQ:LKSP opened at $10.15 on Friday. Lake Superior Acquisition Corp has a 1-year low of $9.89 and a 1-year high of $10.15. The stock’s 50 day moving average price is $10.11.

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

Wall Street Analyst Weigh In

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 MarketBeat.com, the company presently has an average rating of “Sell”.

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.