Irenic Capital Management LP Reduces Stock Position in Highview Merger Corp. $HVMC

Irenic Capital Management LP trimmed its stake in shares of Highview Merger Corp. (NASDAQ:HVMC) by 33.3% in the second quarter, Holdings Channel.com reports. The fund owned 300,000 shares of the company’s stock after selling 150,000 shares during the period. Irenic Capital Management LP’s holdings in Highview Merger were worth $3,045,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mint Tower Capital Management B.V. acquired a new stake in shares of Highview Merger in the 4th quarter worth approximately $250,000. Boothbay Fund Management LLC purchased a new position in Highview Merger in the 4th quarter valued at approximately $250,000. Virtu Financial LLC acquired a new position in Highview Merger during the fourth quarter worth $252,000. Bulldog Investors LLP raised its stake in shares of Highview Merger by 36.9% during the 1st quarter. Bulldog Investors LLP now owns 219,965 shares of the company’s stock worth $2,211,000 after buying an additional 59,302 shares during the last quarter. Finally, Meteora Capital LLC acquired a new position in Highview Merger during the fourth quarter worth about $1,000,000.

Highview Merger Stock Down 0.2%

Shares of NASDAQ:HVMC opened at $10.24 on Friday. Highview Merger Corp. has a 52 week low of $9.93 and a 52 week high of $10.26. The business has a fifty day simple moving average of $10.22 and a 200-day simple moving average of $10.15.

Highview Merger (NASDAQ:HVMC) last released its earnings results on Tuesday, August 11th. The company reported $0.06 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised Highview Merger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Highview Merger Profile

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.