Iron Horse Acquisitions Corp. (NASDAQ:IROH) Shares Purchased by Warberg Asset Management LLC

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 lifted its holdings in shares of Iron Horse Acquisitions Corp. (NASDAQ:IROH - Free Report) by 87.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 62,417 shares of the company's stock after acquiring an additional 29,050 shares during the period. Warberg Asset Management LLC owned approximately 0.70% of Iron Horse Acquisitions worth $655,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Yakira Capital Management Inc. acquired a new position in Iron Horse Acquisitions in the 4th quarter worth approximately $1,582,000. Walleye Trading LLC increased its stake in shares of Iron Horse Acquisitions by 150.0% in the fourth quarter. Walleye Trading LLC now owns 355,500 shares of the company's stock worth $3,658,000 after acquiring an additional 213,300 shares during the period. Spartan Fund Management Inc. raised its holdings in shares of Iron Horse Acquisitions by 2,272.7% during 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. Quarry LP acquired a new position in Iron Horse Acquisitions during the fourth quarter valued at $2,058,000. Finally, Bulldog Investors LLP boosted its holdings in Iron Horse Acquisitions by 10.2% in the fourth quarter. Bulldog Investors LLP now owns 155,604 shares of the company's stock valued at $1,602,000 after purchasing an additional 14,428 shares during the last quarter.

Iron Horse Acquisitions Trading Down 3.8%

Iron Horse Acquisitions stock traded down $0.43 during mid-day trading on Friday, hitting $10.98. The company had a trading volume of 460 shares, compared to its average volume of 76,994. Iron Horse Acquisitions Corp. has a 12-month low of $5.70 and a 12-month high of $14.71. The company's fifty day moving average is $10.39 and its 200-day moving average is $10.44.

Analyst Ratings Changes

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

Iron Horse Acquisitions 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.