Horizon Space Acquisition II (NASDAQ:HSPT) Announces Quarterly Earnings Results

Horizon Space Acquisition II (NASDAQ:HSPT) issued its quarterly earnings results on Wednesday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.

Horizon Space Acquisition II Stock Performance

HSPT opened at $8.49 on Friday. Horizon Space Acquisition II has a twelve month low of $5.25 and a twelve month high of $14.31. The company has a 50-day moving average of $7.77.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Horizon Space Acquisition II in a research note on Monday, February 9th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Horizon Space Acquisition II has an average rating of “Sell”.

Hedge Funds Weigh In On Horizon Space Acquisition II

Several institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in Horizon Space Acquisition II in the fourth quarter worth $52,000. Clear Street Group Inc. raised its stake in Horizon Space Acquisition II by 22.5% in the 4th quarter. Clear Street Group Inc. now owns 47,072 shares of the company’s stock valued at $496,000 after acquiring an additional 8,632 shares during the period. L1 Global Manager Pty Ltd purchased a new stake in Horizon Space Acquisition II during the fourth quarter valued at about $1,582,000. Finally, Rivernorth Capital Management LLC lifted its stake in shares of Horizon Space Acquisition II by 38.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 592,400 shares of the company’s stock valued at $6,244,000 after buying an additional 165,000 shares in the last quarter.

About Horizon Space Acquisition II

We are a blank check company incorporated in the Cayman Islands on March 21, 2023 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.