Harraden Circle Investments LLC purchased a new position in GigCapital2, Inc. (NASDAQ:GIX – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 4,803,390 shares of the company’s stock, valued at approximately $47,698,000. GigCapital2 makes up 4.7% of Harraden Circle Investments LLC’s investment portfolio, making the stock its largest position. Harraden Circle Investments LLC owned about 0.24% of GigCapital2 at the end of the most recent quarter.
Separately, Lineage Point Capital LP purchased a new position in GigCapital2 during the 2nd quarter valued at $1,540,000. 43.42% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings initiated coverage on GigCapital2 in a research report on Tuesday, August 11th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
GigCapital2 Price Performance
Shares of GIX opened at $9.99 on Friday. GigCapital2, Inc. has a 1-year low of $9.80 and a 1-year high of $10.00. The firm’s 50-day moving average is $9.96.
About GigCapital2
GigCapital2, Inc is a blank check company. It intends to enter into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is headquartered in Palo Alto, California.
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