Warberg Asset Management LLC Buys 29,050 Shares of Iron Horse Acquisitions Corp. (NASDAQ:IROH)

Key Points

• Warberg Asset Management LLC increased its stake in Iron Horse Acquisitions Corp. by 87.1% during the first quarter, owning a total of 62,417 shares valued at approximately $655,000.
• Iron Horse Acquisitions shares have experienced a decline of 2.6% and are currently priced at $10.64, with a one-year trading range between $5.70 and $14.71.
• Analyst ratings have turned negative, with Wall Street Zen upgrading Iron Horse Acquisitions to a "sell" rating in a recent report.

Warberg Asset Management LLC grew its stake in Iron Horse Acquisitions Corp. (NASDAQ:IROH - Free Report) by 87.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,417 shares of the company's stock after acquiring an additional 29,050 shares during the quarter. Warberg Asset Management LLC owned 0.70% of Iron Horse Acquisitions worth $655,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IROH. Tabor Asset Management LP purchased a new position in shares of Iron Horse Acquisitions in the first quarter worth $1,614,000. Toronto Dominion Bank purchased a new position in shares of Iron Horse Acquisitions in the fourth quarter worth $2,808,000. Spartan Fund Management Inc. raised its stake in shares of Iron Horse Acquisitions by 2,272.7% in the fourth quarter. Spartan Fund Management Inc. now owns 52,200 shares of the company's stock worth $537,000 after purchasing an additional 50,000 shares during the last quarter. Yakira Capital Management Inc. purchased a new position in shares of Iron Horse Acquisitions in the fourth quarter worth $1,582,000. Finally, Quarry LP purchased a new position in shares of Iron Horse Acquisitions in the fourth quarter worth $2,058,000.

Iron Horse Acquisitions Stock Down 2.6%

Shares of IROH opened at $10.64 on Monday. Iron Horse Acquisitions Corp. has a one year low of $5.70 and a one year high of $14.71. The business has a fifty day moving average of $10.36 and a 200 day moving average of $10.43.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Iron Horse Acquisitions to a "sell" rating in a research note on Saturday, July 26th.

Iron Horse Acquisitions Company Profile

Iron Horse Acquisitions Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on identifying targeted companies operating in content studios and film production, family entertainment, animation, music, gaming, e-sports, talent management, and talent-facing brands and businesses in the United States.

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