Rivernorth Capital Management LLC Decreases Stake in Horizon Space Acquisition II Corp. $HSPT

Rivernorth Capital Management LLC lowered its position in Horizon Space Acquisition II Corp. (NASDAQ:HSPT) by 78.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,000 shares of the company’s stock after selling 462,400 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Horizon Space Acquisition II were worth $838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. L1 Global Manager Pty Ltd purchased a new position in shares of Horizon Space Acquisition II in the 4th quarter valued at $1,582,000. Clear Street Group Inc. raised its stake in shares of Horizon Space Acquisition II by 22.5% during the fourth quarter. Clear Street Group Inc. now owns 47,072 shares of the company’s stock worth $496,000 after purchasing an additional 8,632 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Horizon Space Acquisition II in the 4th quarter worth $52,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Horizon Space Acquisition II in a research note on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Horizon Space Acquisition II presently has a consensus rating of “Sell”.

Horizon Space Acquisition II Price Performance

Shares of HSPT stock opened at $5.80 on Thursday. The company has a 50-day moving average price of $7.03. Horizon Space Acquisition II Corp. has a twelve month low of $3.59 and a twelve month high of $14.31.

Horizon Space Acquisition II (NASDAQ:HSPT) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $0.07 earnings per share (EPS) for the quarter.

Horizon Space Acquisition II Profile

We are a blank check company incorporated in the Cayman Islands on March 21, 2023 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.