Radcliffe Capital Management L.P. Acquires 67,767 Shares of NewHold Investment Corp III $NHIC

Radcliffe Capital Management L.P. raised its stake in NewHold Investment Corp III (NASDAQ:NHIC) by 13.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 560,971 shares of the company’s stock after buying an additional 67,767 shares during the period. Radcliffe Capital Management L.P. owned about 2.03% of NewHold Investment Corp III worth $5,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of NewHold Investment Corp III in the 2nd quarter worth approximately $9,950,000. Hudson Bay Capital Management LP acquired a new stake in NewHold Investment Corp III in the 2nd quarter worth approximately $8,922,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of NewHold Investment Corp III during the fourth quarter worth $4,146,000. Centiva Capital LP lifted its position in NewHold Investment Corp III by 39.9% during the 3rd quarter. Centiva Capital LP now owns 1,029,036 shares of the company’s stock worth $10,476,000 after acquiring an additional 293,624 shares during the period. Finally, Moore Capital Management LP purchased a new stake in NewHold Investment Corp III in the second quarter valued at approximately $2,542,000.

NewHold Investment Corp III Stock Up 0.1%

Shares of NASDAQ NHIC opened at $11.01 on Wednesday. NewHold Investment Corp III has a 52-week low of $10.15 and a 52-week high of $11.60. The company’s 50-day simple moving average is $10.67 and its 200-day simple moving average is $10.49. The firm has a market cap of $303.99 million, a price-to-earnings ratio of 91.75 and a beta of 0.21.

NewHold Investment Corp III (NASDAQ:NHIC) last announced its earnings results on Monday, May 18th. The company reported $0.03 EPS for the quarter. The firm had revenue of $3.71 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

NewHold Investment Corp III Company Profile

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.