Wolverine Asset Management LLC increased its holdings in GigCapital7 Corp. (NASDAQ:GIG – Free Report) by 51.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 890,035 shares of the company’s stock after purchasing an additional 303,330 shares during the period. Wolverine Asset Management LLC owned 2.67% of GigCapital7 worth $9,390,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of GigCapital7 during the second quarter valued at approximately $5,270,000. Wealthspring Capital LLC bought a new stake in GigCapital7 in the 2nd quarter valued at $832,000. Finally, Radcliffe Capital Management L.P. bought a new stake in GigCapital7 in the 2nd quarter valued at $163,000.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of GigCapital7 in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
GigCapital7 Stock Up 0.2%
Shares of NASDAQ:GIG opened at $10.55 on Friday. The firm has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $10.52. GigCapital7 Corp. has a 52 week low of $10.02 and a 52 week high of $12.50. The stock has a market capitalization of $351.63 million, a P/E ratio of 117.22 and a beta of 0.05.
GigCapital7 (NASDAQ:GIG – Get Free Report) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter.
GigCapital7 Company Profile
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.
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