GABELLI & Co INVESTMENT ADVISERS INC. Buys Shares of 299,871 GigInternational1, Inc. $GIW

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in GigInternational1, Inc. (NASDAQ:GIW) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 299,871 shares of the company’s stock, valued at approximately $2,990,000.

A number of other hedge funds also recently modified their holdings of the business. Wolverine Asset Management LLC bought a new position in shares of GigInternational1 during the 4th quarter valued at about $3,824,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in GigInternational1 during the 4th quarter worth approximately $2,968,000. Aristeia Capital L.L.C. bought a new stake in GigInternational1 during the 4th quarter worth approximately $8,406,000. Clear Street Group Inc. bought a new stake in GigInternational1 during the 4th quarter worth approximately $3,431,000. Finally, Mercuria Capital Strategies LLC acquired a new stake in GigInternational1 during the 4th quarter worth approximately $3,709,000. Institutional investors and hedge funds own 14.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, GigInternational1 currently has an average rating of “Sell”.

GigInternational1 Stock Performance

Shares of NASDAQ GIW opened at $10.09 on Friday. The business has a 50-day moving average of $10.07 and a 200-day moving average of $10.01. GigInternational1, Inc. has a fifty-two week low of $9.87 and a fifty-two week high of $10.11.

GigInternational1 (NASDAQ:GIW) last released its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

GigInternational1 Profile

GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.