Blue Water Acquisition Corp. III $BLUW Shares Newly Purchased by Context Capital Management LLC

Context Capital Management LLC acquired a new stake in Blue Water Acquisition Corp. III (NASDAQ:BLUW) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 50,000 shares of the company’s stock, valued at approximately $519,000. Context Capital Management LLC owned 0.18% of Blue Water Acquisition Corp. III at the end of the most recent quarter.

Blue Water Acquisition Corp. III Trading Up 0.2%

Shares of NASDAQ BLUW opened at $10.43 on Wednesday. Blue Water Acquisition Corp. III has a 12-month low of $10.02 and a 12-month high of $10.43. The business’s fifty day simple moving average is $10.38 and its 200-day simple moving average is $10.33.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last released its earnings results on Wednesday, August 12th. The company reported $0.08 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Blue Water Acquisition Corp. III from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Blue Water Acquisition Corp. III Company Profile

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) organized to pursue a business combination with one or more operating companies. Its activities are focused on identifying a target business and completing a merger, acquisition, share exchange, or similar transaction. Unlike an operating company, Blue Water Acquisition Corp. III does not appear to offer its own products or services. Its primary corporate activities involve raising capital through a public offering, evaluating potential acquisition candidates, and seeking shareholder approval for a proposed transaction.