Radcliffe Capital Management L.P. Invests $5.46 Million in Harvard Ave Acquistion Corp $HAVA

Radcliffe Capital Management L.P. purchased a new stake in shares of Harvard Ave Acquistion Corp (NASDAQ:HAVA) during the 4th quarter, Holdings Channel reports. The fund purchased 550,000 shares of the company’s stock, valued at approximately $5,462,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Berkley W R Corp acquired a new stake in Harvard Ave Acquistion in the fourth quarter worth about $665,000. Westchester Capital Management LLC acquired a new position in Harvard Ave Acquistion during the 4th quarter valued at about $1,972,000. Clear Street Group Inc. bought a new position in shares of Harvard Ave Acquistion in the 4th quarter valued at about $2,278,000. Context Capital Management LLC bought a new position in shares of Harvard Ave Acquistion in the 4th quarter valued at about $2,979,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Harvard Ave Acquistion during the 4th quarter worth approximately $7,462,000.

Harvard Ave Acquistion Stock Performance

NASDAQ:HAVA opened at $10.10 on Wednesday. Harvard Ave Acquistion Corp has a 12-month low of $9.87 and a 12-month high of $10.11. The business has a fifty day moving average of $10.06.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Harvard Ave Acquistion from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Harvard Ave Acquistion currently has a consensus rating of “Sell”.

About Harvard Ave Acquistion

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.