Bulldog Investors LLP Buys 59,302 Shares of Highview Merger Corp. $HVMC

Bulldog Investors LLP boosted its stake in Highview Merger Corp. (NASDAQ:HVMC) by 36.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 219,965 shares of the company’s stock after purchasing an additional 59,302 shares during the period. Bulldog Investors LLP’s holdings in Highview Merger were worth $2,211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Highview Merger in the fourth quarter worth $4,000,000. Periscope Capital Inc. purchased a new position in Highview Merger in the fourth quarter worth about $3,928,000. Picton Mahoney Asset Management bought a new stake in shares of Highview Merger during the 4th quarter valued at about $2,000,000. Mint Tower Capital Management B.V. bought a new stake in shares of Highview Merger during the 4th quarter valued at about $250,000. Finally, First Trust Capital Management L.P. purchased a new stake in shares of Highview Merger during the 4th quarter valued at about $2,500,000.

Highview Merger Price Performance

NASDAQ:HVMC opened at $10.19 on Tuesday. Highview Merger Corp. has a one year low of $9.93 and a one year high of $10.20. The business has a fifty day moving average of $10.17.

Highview Merger (NASDAQ:HVMC) last announced its earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Highview Merger in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Highview Merger currently has a consensus rating of “Sell”.

Highview Merger Company 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.