Mint Tower Capital Management B.V. reduced its stake in shares of GigCapital7 Corp. (NASDAQ:GIG – Free Report) by 33.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,799 shares of the company’s stock after selling 100,201 shares during the period. Mint Tower Capital Management B.V. owned 0.60% of GigCapital7 worth $2,106,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Highbridge Capital Management LLC purchased a new position in shares of GigCapital7 during the 4th quarter valued at about $19,799,000. Geode Capital Management LLC purchased a new position in shares of GigCapital7 during the 4th quarter valued at about $562,000. Quarry LP purchased a new position in shares of GigCapital7 during the 3rd quarter valued at about $598,000. Moore Capital Management LP purchased a new position in shares of GigCapital7 during the 3rd quarter valued at about $528,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. lifted its position in shares of GigCapital7 by 232.9% during the 3rd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,690,136 shares of the company’s stock valued at $17,831,000 after buying an additional 1,182,437 shares in the last quarter.
GigCapital7 Price Performance
Shares of GIG opened at $5.01 on Friday. The stock has a market capitalization of $166.82 million, a price-to-earnings ratio of 62.57 and a beta of 0.04. GigCapital7 Corp. has a 1 year low of $4.17 and a 1 year high of $12.50. The business’s 50 day simple moving average is $7.68 and its 200-day simple moving average is $9.55.
Analyst Ratings Changes
Separately, Weiss Ratings cut GigCapital7 from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
Read Our Latest Stock Analysis on GIG
About GigCapital7
GigCapital7, Inc (NASDAQ: GIG) is a special purpose acquisition company incorporated in Delaware in 2021. As a blank check corporation, it was formed solely to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021.
GigCapital7 has not generated revenue from operations and currently holds its offering proceeds in trust while it evaluates potential targets.
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