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

Irenic Capital Management LP boosted its holdings in Highview Merger Corp. (NASDAQ:HVMC) by 50.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 450,000 shares of the company’s stock after purchasing an additional 150,000 shares during the quarter. Irenic Capital Management LP’s holdings in Highview Merger were worth $4,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Mint Tower Capital Management B.V. acquired a new stake in Highview Merger in the 4th quarter worth about $250,000. Boothbay Fund Management LLC acquired a new position in shares of Highview Merger during the 4th quarter valued at about $250,000. Virtu Financial LLC acquired a new position in shares of Highview Merger during the 4th quarter valued at about $252,000. Meteora Capital LLC purchased a new position in shares of Highview Merger during the 4th quarter worth about $1,000,000. Finally, DLD Asset Management LP purchased a new position in shares of Highview Merger during the 4th quarter worth about $1,003,000.

Highview Merger Trading Up 0.0%

Shares of HVMC stock opened at $10.20 on Wednesday. The business has a fifty day moving average price of $10.18. Highview Merger Corp. has a 12 month low of $9.93 and a 12 month high of $10.20.

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

Analyst Upgrades and Downgrades

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