Haymaker Acquisition Corp. 4 (NYSE:HYAC) Stock Rating Upgraded by Zacks Research

Haymaker Acquisition Corp. 4 (NYSE:HYAC) was upgraded by investment analysts at Zacks Research to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Haymaker Acquisition Corp. 4 in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Haymaker Acquisition Corp. 4 Stock Performance

Shares of NYSE HYAC traded up $0.02 during midday trading on Thursday, reaching $11.48. The stock had a trading volume of 1,076,973 shares, compared to its average volume of 238,764. Haymaker Acquisition Corp. 4 has a 12-month low of $10.88 and a 12-month high of $11.50. The stock has a 50-day moving average of $11.42 and a 200-day moving average of $11.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in Haymaker Acquisition Corp. 4 during the second quarter valued at $1,110,000. Wolverine Asset Management LLC grew its holdings in shares of 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 purchasing an additional 440,383 shares during the last quarter. Radcliffe Capital Management L.P. increased its stake in Haymaker Acquisition Corp. 4 by 665.5% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 76,631 shares of the company’s stock worth $869,000 after buying an additional 66,620 shares during the period. Finally, Berkley W R Corp lifted its holdings in Haymaker Acquisition Corp. 4 by 826.0% during the 3rd quarter. Berkley W R Corp now owns 1,680,012 shares of the company’s stock valued at $19,051,000 after buying an additional 1,498,590 shares in the last quarter. 71.07% of the stock is currently owned by 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.