Haymaker Acquisition Corp. 4 (NYSE:HYAC) Trading 0.3% Higher – Still a Buy?

Haymaker Acquisition Corp. 4 (NYSE:HYAC)’s share price was up 0.3% on Thursday . The company traded as high as $11.47 and last traded at $11.46. Approximately 847 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 47,006 shares. The stock had previously closed at $11.43.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Haymaker Acquisition Corp. 4 in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Haymaker Acquisition Corp. 4 presently has a consensus rating of “Sell”.

Haymaker Acquisition Corp. 4 Trading Up 0.3%

The business’s 50-day moving average price is $11.40 and its 200-day moving average price is $11.32.

Haymaker Acquisition Corp. 4 (NYSE:HYAC) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.05 EPS for the quarter. The business had revenue of $2.60 million during the quarter.

Institutional Investors Weigh In On Haymaker Acquisition Corp. 4

Hedge funds have recently made changes to their positions in the business. Radcliffe Capital Management L.P. increased its position in Haymaker Acquisition Corp. 4 by 665.5% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 76,631 shares of the company’s stock worth $869,000 after purchasing an additional 66,620 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Haymaker Acquisition Corp. 4 in the second quarter valued at approximately $1,110,000. Wolverine Asset Management LLC grew its holdings in Haymaker Acquisition Corp. 4 by 34.2% during the second quarter. Wolverine Asset Management LLC now owns 1,002,049 shares of the company’s stock worth $11,123,000 after acquiring an additional 255,385 shares during the period. Finally, Berkley W R Corp raised its position in Haymaker Acquisition Corp. 4 by 826.0% in the third quarter. Berkley W R Corp now owns 1,680,012 shares of the company’s stock worth $19,051,000 after acquiring an additional 1,498,590 shares in the last quarter. Institutional investors and hedge funds own 71.07% of the company’s stock.

About Haymaker Acquisition Corp. 4

Haymaker Acquisition Corp. 4, launched in 2021, is a special purpose acquisition company incorporated in Delaware. The company’s sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It is listed on the New York Stock Exchange under the ticker symbol HYAC.

The sponsor of the company is Haymaker Capital Investments, a US-based investment management firm that focuses on equity investments across a range of industries.