Harraden Circle Investments LLC purchased a new position in NewHold Investment Corp III (NASDAQ:NHIC – Free Report) in the second quarter, Holdings Channel reports. The institutional investor purchased 780,090 shares of the company’s stock, valued at approximately $8,495,000.
Several other large investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of NewHold Investment Corp III in the second quarter worth $98,000. FNY Investment Advisers LLC bought a new position in NewHold Investment Corp III in the 2nd quarter worth about $217,000. Sandia Investment Management LP bought a new position in NewHold Investment Corp III in the 2nd quarter worth about $254,000. Alyeska Investment Group L.P. purchased a new stake in shares of NewHold Investment Corp III in the 3rd quarter valued at about $450,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of NewHold Investment Corp III in the 2nd quarter valued at about $1,015,000.
NewHold Investment Corp III Stock Performance
NHIC stock opened at $10.62 on Friday. NewHold Investment Corp III has a 52 week low of $10.16 and a 52 week high of $11.60. The firm’s fifty day moving average is $10.72 and its 200 day moving average is $10.64. The firm has a market cap of $293.25 million, a P/E ratio of -151.71 and a beta of 0.30.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of NewHold Investment Corp III in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Check Out Our Latest Report on NHIC
About NewHold Investment Corp III
NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.
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