Atlas Merchant Capital LLC Increases Position in Black Mountain Acquisition Corp. (NYSE:BMAC)

Atlas Merchant Capital LLC grew its holdings in Black Mountain Acquisition Corp. (NYSE:BMAC – Free Report) by 292.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,300 shares of the company’s stock after purchasing an additional 200,000 shares during the quarter. Atlas Merchant Capital LLC owned about 0.78% of Black Mountain Acquisition worth $2,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cowen Investment Management LLC lifted its position in Black Mountain Acquisition by 125.0% during the first quarter. Cowen Investment Management LLC now owns 900,000 shares of the company’s stock worth $9,351,000 after buying an additional 500,000 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Black Mountain Acquisition during the 4th quarter worth $2,604,000. Goldman Sachs Group Inc. acquired a new position in shares of Black Mountain Acquisition during the 1st quarter valued at about $2,433,000. Exos TFP Holdings LLC grew its holdings in shares of Black Mountain Acquisition by 89.5% in the first quarter. Exos TFP Holdings LLC now owns 143,491 shares of the company’s stock valued at $1,491,000 after purchasing an additional 67,766 shares during the period. Finally, Millennium Management LLC acquired a new stake in Black Mountain Acquisition during the second quarter worth about $1,062,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Black Mountain Acquisition Price Performance

NYSE:BMAC remained flat at $10.62 on Friday. 19 shares of the company’s stock traded hands, compared to its average volume of 27,952. The stock has a fifty day moving average price of $10.67 and a two-hundred day moving average price of $10.53. Black Mountain Acquisition Corp. has a 12 month low of $9.93 and a 12 month high of $11.79.

Black Mountain Acquisition Profile

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

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