Haymaker Acquisition Corp. 4 (NYSE:HYAC) Announces Earnings Results

Haymaker Acquisition Corp. 4 (NYSE:HYAC) released its earnings results on Monday. The company reported ($0.27) earnings per share for the quarter, reports. The firm had revenue of $2.47 million during the quarter.

Haymaker Acquisition Corp. 4 Trading Up 0.5%

Shares of HYAC stock opened at $11.56 on Tuesday. Haymaker Acquisition Corp. 4 has a twelve month low of $10.22 and a twelve month high of $12.54. The stock has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $11.37.

Analyst Upgrades and Downgrades

HYAC has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Haymaker Acquisition Corp. 4 in a research note on Friday. Zacks Research raised shares of Haymaker Acquisition Corp. 4 to a “hold” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Haymaker Acquisition Corp. 4 currently has an average rating of “Reduce”.

Institutional Trading of Haymaker Acquisition Corp. 4

A number of hedge funds have recently added to or reduced their stakes in HYAC. Berkley W R Corp boosted its stake in shares of Haymaker Acquisition Corp. 4 by 826.0% during the third quarter. Berkley W R Corp now owns 1,680,012 shares of the company’s stock valued at $19,051,000 after purchasing an additional 1,498,590 shares in the last quarter. Wolverine Asset Management LLC raised its stake in Haymaker Acquisition Corp. 4 by 43.9% in the third quarter. Wolverine Asset Management LLC now owns 1,442,432 shares of the company’s stock worth $16,357,000 after buying an additional 440,383 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Haymaker Acquisition Corp. 4 during the second quarter worth $1,110,000. Finally, Radcliffe Capital Management L.P. boosted 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 valued at $869,000 after acquiring an additional 66,620 shares in the last quarter. 71.07% of the stock is owned by hedge funds and other institutional investors.

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.