BidaskClub Lowers Hennessy Capital Acquisition (BLBD) to Sell

Hennessy Capital Acquisition (NASDAQ:BLBD) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Separately, ValuEngine raised Hennessy Capital Acquisition from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

Shares of Hennessy Capital Acquisition (NASDAQ:BLBD) traded down $0.10 during mid-day trading on Wednesday, hitting $18.95. The stock had a trading volume of 36,422 shares, compared to its average volume of 56,722. The firm has a market capitalization of $454.12, a P/E ratio of 22.83, a PEG ratio of 0.80 and a beta of 1.67. The company has a debt-to-equity ratio of -1.45, a quick ratio of 0.61 and a current ratio of 1.16. Hennessy Capital Acquisition has a 1-year low of $15.66 and a 1-year high of $21.90.

Several hedge funds have recently modified their holdings of BLBD. Schwab Charles Investment Management Inc. acquired a new position in shares of Hennessy Capital Acquisition during the second quarter worth $367,000. Bank of New York Mellon Corp increased its position in shares of Hennessy Capital Acquisition by 12.2% during the second quarter. Bank of New York Mellon Corp now owns 47,565 shares of the company’s stock worth $809,000 after purchasing an additional 5,187 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Hennessy Capital Acquisition by 82.1% during the second quarter. Federated Investors Inc. PA now owns 6,143 shares of the company’s stock worth $104,000 after purchasing an additional 2,770 shares in the last quarter. Kennedy Capital Management Inc. increased its position in shares of Hennessy Capital Acquisition by 2.2% during the second quarter. Kennedy Capital Management Inc. now owns 141,575 shares of the company’s stock worth $2,407,000 after purchasing an additional 3,055 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Hennessy Capital Acquisition by 94.7% during the second quarter. Wells Fargo & Company MN now owns 66,254 shares of the company’s stock worth $1,126,000 after purchasing an additional 32,228 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

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Hennessy Capital Acquisition Company Profile

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.

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