Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Shares Climb 16.6% – Here’s What Happened
by Danessa Lincoln · The Markets DailyHennessy Capital Investment Corp. VII (NASDAQ:HVII – Get Free Report) shares traded up 16.6% during trading on Thursday. The company traded as high as $9.45 and last traded at $5.20. 10,533,241 shares changed hands during mid-day trading, an increase of 8,381% from the average session volume of 124,197 shares. The stock had previously closed at $4.46.
Analysts Set New Price Targets
Several analysts recently commented on HVII shares. Weiss Ratings raised Hennessy Capital Investment Corp. VII from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded Hennessy Capital Investment Corp. VII to a “sell” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.
Hennessy Capital Investment Corp. VII Stock Up 16.6%
The company’s fifty day moving average price is $8.97 and its two-hundred day moving average price is $9.91.
Hennessy Capital Investment Corp. VII (NASDAQ:HVII – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.04 EPS for the quarter.
Institutional Trading of Hennessy Capital Investment Corp. VII
A number of hedge funds and other institutional investors have recently made changes to their positions in HVII. Lineage Point Capital LP acquired a new position in shares of Hennessy Capital Investment Corp. VII during the 4th quarter worth about $104,000. Cannon Global Investment Management LLC raised its holdings in Hennessy Capital Investment Corp. VII by 14.2% during the first quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock worth $600,000 after acquiring an additional 7,200 shares in the last quarter. Sculptor Capital LP bought a new stake in Hennessy Capital Investment Corp. VII during the fourth quarter worth about $3,654,000. Aventail Capital Group LP acquired a new position in Hennessy Capital Investment Corp. VII during the fourth quarter valued at approximately $14,413,000. Finally, Highbridge Capital Management LLC bought a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $15,525,000.
Hennessy Capital Investment Corp. VII Company Profile
Hennessy Capital Investment Corp. VII is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more operating companies. Unlike an operating business, the company does not manufacture products or provide services to customers directly.
The company has focused its search on potential targets in sectors such as industrial technology, transportation, logistics, and business services. Its objective is to combine with a private company and provide that business with access to public capital markets, subject to approval by shareholders and other customary conditions.
Hennessy Capital Investment Corp.