Irenic Capital Management LP Increases Stock Holdings in Highview Merger Corp. $HVMC

Irenic Capital Management LP lifted its position in shares of Highview Merger Corp. (NASDAQ:HVMCFree Report) by 50.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 450,000 shares of the company’s stock after buying an additional 150,000 shares during the quarter. Irenic Capital Management LP’s holdings in Highview Merger were worth $4,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mint Tower Capital Management B.V. acquired a new stake in Highview Merger in the 4th quarter valued at about $250,000. Boothbay Fund Management LLC acquired a new position in Highview Merger during the fourth quarter worth about $250,000. Virtu Financial LLC acquired a new position in Highview Merger during the fourth quarter worth about $252,000. Meteora Capital LLC purchased a new stake in shares of Highview Merger in the fourth quarter valued at about $1,000,000. Finally, DLD Asset Management LP purchased a new stake in shares of Highview Merger in the fourth quarter valued at about $1,003,000.

Highview Merger Stock Performance

NASDAQ:HVMC opened at $10.20 on Wednesday. Highview Merger Corp. has a 12-month low of $9.93 and a 12-month high of $10.20. The company has a 50-day moving average price of $10.18.

Highview Merger (NASDAQ:HVMCGet Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Highview Merger in a research note on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Get Our Latest Report on Highview Merger

Highview Merger Profile

(Free Report)

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.

Further Reading

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Institutional Ownership by Quarter for Highview Merger (NASDAQ:HVMC)

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