Radcliffe Capital Management L.P. Sells 237,184 Shares of GigCapital7 Corp. $GIG

Radcliffe Capital Management L.P. cut its holdings in shares of GigCapital7 Corp. (NASDAQ:GIG) by 45.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 286,789 shares of the company’s stock after selling 237,184 shares during the period. Radcliffe Capital Management L.P. owned 0.86% of GigCapital7 worth $3,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Highbridge Capital Management LLC purchased a new stake in GigCapital7 in the fourth quarter worth $19,799,000. Clear Street Group Inc. purchased a new position in GigCapital7 during the 4th quarter valued at $1,162,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in GigCapital7 during the 2nd quarter valued at $5,270,000. Quarry LP bought a new position in GigCapital7 in the 3rd quarter worth $598,000. Finally, Geode Capital Management LLC bought a new position in GigCapital7 in the 4th quarter worth $562,000.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of GigCapital7 from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

GigCapital7 Stock Performance

Shares of NASDAQ:GIG opened at $5.01 on Wednesday. The firm has a market capitalization of $166.82 million, a P/E ratio of 62.57 and a beta of 0.04. The stock has a 50 day moving average price of $7.34 and a 200-day moving average price of $9.43. GigCapital7 Corp. has a 52-week low of $4.17 and a 52-week high of $12.50.

GigCapital7 (NASDAQ:GIG) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.02 earnings per share for the quarter.

About GigCapital7

GigCapital7, Inc (NASDAQ: GIG) is a special purpose acquisition company incorporated in Delaware in 2021. As a blank check corporation, it was formed solely to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021.

GigCapital7 has not generated revenue from operations and currently holds its offering proceeds in trust while it evaluates potential targets.