Highview Merger (NASDAQ:HVMC) Issues Quarterly Earnings Results

Highview Merger (NASDAQ:HVMC) released its quarterly earnings data on Friday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Highview Merger Trading Up 0.1%

Shares of NASDAQ:HVMC traded up $0.01 during trading on Friday, hitting $10.33. The stock had a trading volume of 128,030 shares, compared to its average volume of 62,457. Highview Merger has a 12-month low of $10.00 and a 12-month high of $10.35. The stock has a 50-day simple moving average of $10.30 and a two-hundred day simple moving average of $10.19.

Hedge Funds Weigh In On Highview Merger

Large investors have recently made changes to their positions in the company. Alberta Investment Management Corp acquired a new position in Highview Merger in the 3rd quarter valued at about $12,850,000. Irenic Capital Management LP increased its stake in Highview Merger by 50.0% during the first quarter. Irenic Capital Management LP now owns 450,000 shares of the company’s stock worth $4,522,000 after purchasing an additional 150,000 shares during the period. First Trust Capital Management L.P. acquired a new stake in shares of Highview Merger during the third quarter worth about $2,568,000. Bulldog Investors LLP lifted its position 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 in the last quarter. Finally, Rivernorth Capital Management LLC purchased a new position in shares of Highview Merger in the first quarter valued at approximately $2,068,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Highview Merger in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Highview Merger presently has a consensus rating of “Sell”.

Highview Merger Company Profile

Highview Merger is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition or similar business combination with an operating company. Its core business is identifying and evaluating a potential transaction rather than manufacturing products or providing services directly.