Hennessy Capital Investment Corp. VII (NASDAQ:HVII – Get Free Report) was up 0% during mid-day trading on Friday . The company traded as high as $10.53 and last traded at $10.5250. 6,478 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 60,653 shares. The stock had previously closed at $10.52.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Benchmark assumed coverage on Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a research report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hennessy Capital Investment Corp. VII has an average rating of “Hold”.
Get Our Latest Stock Report on Hennessy Capital Investment Corp. VII
Hennessy Capital Investment Corp. VII Price Performance
Hennessy Capital Investment Corp. VII (NASDAQ:HVII – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.04 earnings per share for the quarter.
Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII
Several institutional investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC purchased a new stake in shares of Hennessy Capital Investment Corp. VII in the fourth quarter worth about $15,525,000. Verbena Value LP purchased a new position in Hennessy Capital Investment Corp. VII during the fourth quarter valued at approximately $12,655,000. HRT Financial LP bought a new stake in Hennessy Capital Investment Corp. VII during the 4th quarter worth approximately $1,732,000. DLD Asset Management LP increased its holdings in Hennessy Capital Investment Corp. VII by 31.3% during the 4th quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock worth $1,518,000 after acquiring an additional 34,965 shares during the period. Finally, Barclays PLC purchased a new stake in Hennessy Capital Investment Corp. VII in the 4th quarter worth approximately $104,000.
Hennessy Capital Investment Corp. VII Company Profile
Hennessy Capital Investment Corp. VII (NASDAQ: HVII) is a special purpose acquisition company (SPAC), commonly known as a blank-check company, formed to raise capital in a public offering for the purpose of identifying, negotiating and completing one or more business combinations. As a SPAC, its principal business activity is to locate and transact with a private operating company and provide that company with a path to become publicly traded through a de-SPAC merger or similar transaction.
The company’s operating activities center on sourcing potential acquisition targets, conducting due diligence, structuring and negotiating merger agreements, and arranging the financing needed to close transactions.
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