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

Irenic Capital Management LP lessened its stake in Highview Merger Corp. (NASDAQ:HVMC) by 33.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HVMC. Mint Tower Capital Management B.V. acquired a new stake in Highview Merger during the 4th quarter worth approximately $250,000. Boothbay Fund Management LLC purchased a new stake in shares of Highview Merger during the fourth quarter worth approximately $250,000. Virtu Financial LLC purchased a new stake in shares of Highview Merger during the fourth quarter worth approximately $252,000. Bulldog Investors LLP lifted its holdings in shares of Highview Merger by 36.9% during the first quarter. Bulldog Investors LLP now owns 219,965 shares of the company’s stock worth $2,211,000 after purchasing an additional 59,302 shares during the period. Finally, Meteora Capital LLC acquired a new stake in shares of Highview Merger during the fourth quarter worth $1,000,000.

Highview Merger Stock Down 0.2%

Shares of HVMC opened at $10.24 on Friday. The stock’s 50 day moving average is $10.22 and its two-hundred day moving average is $10.15. Highview Merger Corp. has a twelve month low of $9.93 and a twelve month high of $10.26.

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Highview Merger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus 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.