YHN Acquisition I (NASDAQ:YHNA) Posts Quarterly Earnings Results

YHN Acquisition I (NASDAQ:YHNA) issued its earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

YHN Acquisition I Stock Up 0.4%

Shares of YHNA stock opened at $10.76 on Wednesday. The stock has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.63. YHN Acquisition I has a 1 year low of $10.18 and a 1 year high of $11.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in YHNA. Berkley W R Corp raised its stake in shares of YHN Acquisition I by 33.7% during the 2nd quarter. Berkley W R Corp now owns 673,553 shares of the company’s stock worth $6,962,000 after buying an additional 169,637 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in YHN Acquisition I in the 3rd quarter valued at about $3,599,000. Finally, Mangrove Partners IM LLC purchased a new position in YHN Acquisition I during the 3rd quarter valued at about $3,223,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of YHN Acquisition I in a research report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About YHN Acquisition I

YH Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker YHNA. As a blank‐check vehicle, the company was formed to effect one or more business combinations, mergers, share exchanges or similar transactions with one or more operating businesses or assets. It does not have operations of its own and holds its proceeds in a trust account until completion of a qualifying transaction.

The firm’s sponsor, YH Capital Partners, brings experience in growth capital and private equity investing across technology, consumer, and industrial sectors.