Polar Asset Management Partners Inc. Buys Shares of 749,900 Harvard Ave Acquistion Corp $HAVA

Key Points

• Polar Asset Management Partners acquired 749,900 shares of Harvard Ave Acquisition Corp. worth approximately $7.5 million, representing about 3.62% of the company.
• Several other institutional investors, including Sona Asset Management, Lineage Point Capital, and Tenor Capital Management, also initiated positions in the SPAC.
• HAVA opened at $10.15, near its 12-month high, but analyst sentiment remains negative: the stock carries a consensus “Sell” rating.

Polar Asset Management Partners Inc. purchased a new position in Harvard Ave Acquistion Corp (NASDAQ:HAVA - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 749,900 shares of the company's stock, valued at approximately $7,506,000. Polar Asset Management Partners Inc. owned about 3.62% of Harvard Ave Acquistion at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Sona Asset Management US LLC acquired a new stake in shares of Harvard Ave Acquistion in the 1st quarter worth $4,106,000. Lineage Point Capital LP acquired a new position in Harvard Ave Acquistion during the 4th quarter valued at about $2,433,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in Harvard Ave Acquistion during the 4th quarter valued at about $1,490,000. Toronto Dominion Bank purchased a new stake in Harvard Ave Acquistion in the fourth quarter valued at about $80,000. Finally, Boothbay Fund Management LLC purchased a new stake in Harvard Ave Acquistion in the fourth quarter valued at about $487,000.

Harvard Ave Acquistion Price Performance

NASDAQ HAVA opened at $10.15 on Monday. Harvard Ave Acquistion Corp has a 12-month low of $9.87 and a 12-month high of $10.15. The business has a fifty day moving average of $10.11.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Harvard Ave Acquistion from a "sell (e)" rating to a "sell (e+)" rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".

Harvard Ave Acquistion Company Profile

Harvard Ave Acquisition NASDAQ: HAVA is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As with other blank-check companies, its primary corporate purpose prior to completing a business combination is to identify and negotiate a qualifying transaction that will result in an operating public company.

The company's principal activities consist of sourcing potential targets, conducting due diligence, negotiating transaction terms, and, if approved by shareholders, completing a business combination.

Want to see what other hedge funds are holding HAVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harvard Ave Acquistion Corp (NASDAQ:HAVA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.