Wolverine Asset Management LLC Increases Holdings in Iron Horse Acquisitions Corp. (NASDAQ:IROH)

Key Points

• Wolverine Asset Management LLC increased its stake in Iron Horse Acquisitions Corp. by 18.5%, acquiring an additional 83,592 shares, bringing its total ownership to approximately 6.04% or $5.6 million in value.
• Other institutional investors, such as Spartan Fund Management and Warberg Asset Management, have also significantly boosted their positions in Iron Horse Acquisitions during recent quarters.
• Iron Horse Acquisitions’ stock price rose 2.0% to $11.41, despite an analyst downgrade to a "sell" rating from Wall Street Zen.

Wolverine Asset Management LLC lifted its holdings in Iron Horse Acquisitions Corp. (NASDAQ:IROH - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 535,815 shares of the company's stock after acquiring an additional 83,592 shares during the period. Wolverine Asset Management LLC owned approximately 6.04% of Iron Horse Acquisitions worth $5,621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Walleye Trading LLC increased its holdings in Iron Horse Acquisitions by 150.0% during the 4th quarter. Walleye Trading LLC now owns 355,500 shares of the company's stock worth $3,658,000 after purchasing an additional 213,300 shares in the last quarter. Toronto Dominion Bank bought a new position in Iron Horse Acquisitions during the fourth quarter valued at $2,808,000. Quarry LP bought a new position in shares of Iron Horse Acquisitions in the fourth quarter worth $2,058,000. Bulldog Investors LLP boosted its holdings in shares of Iron Horse Acquisitions by 10.2% in the fourth quarter. Bulldog Investors LLP now owns 155,604 shares of the company's stock worth $1,602,000 after acquiring an additional 14,428 shares during the period. Finally, Tabor Asset Management LP bought a new position in shares of Iron Horse Acquisitions in the first quarter worth $1,614,000.

Analyst Ratings Changes

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

Iron Horse Acquisitions Stock Down 3.9%

Shares of NASDAQ:IROH traded down $0.45 on Tuesday, reaching $10.95. 802 shares of the company traded hands, compared to its average volume of 75,202. Iron Horse Acquisitions Corp. has a 52 week low of $5.70 and a 52 week high of $14.71. The business's 50-day simple moving average is $10.41 and its 200 day simple moving average is $10.46.

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.