Rivernorth Capital Management LLC Acquires New Position in Highview Merger Corp. $HVMC

Rivernorth Capital Management LLC bought a new position in Highview Merger Corp. (NASDAQ:HVMC) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 205,739 shares of the company’s stock, valued at approximately $2,068,000.

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

Analyst Ratings Changes

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

Highview Merger Stock Performance

Shares of NASDAQ HVMC opened at $10.20 on Thursday. Highview Merger Corp. has a 52-week low of $9.93 and a 52-week high of $10.20. The company has a fifty day moving average of $10.18.

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

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.