Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Issues Quarterly Earnings Results

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) released its quarterly earnings results on Wednesday. The company reported $0.04 EPS for the quarter, FiscalAI reports.

Hennessy Capital Investment Corp. VII Trading Up 0.1%

Shares of Hennessy Capital Investment Corp. VII stock traded up $0.01 during trading on Thursday, hitting $10.53. 1,098 shares of the stock traded hands, compared to its average volume of 59,675. Hennessy Capital Investment Corp. VII has a 52-week low of $10.13 and a 52-week high of $10.99. The firm’s fifty day moving average is $10.46.

Hedge Funds Weigh In On Hennessy Capital Investment Corp. VII

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cannon Global Investment Management LLC increased its holdings in shares of Hennessy Capital Investment Corp. VII by 14.2% in the 1st quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock valued at $600,000 after acquiring an additional 7,200 shares during the period. Barclays PLC purchased a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at about $104,000. Lineage Point Capital LP purchased a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter valued at about $104,000. Virtu Financial LLC bought a new stake in shares of Hennessy Capital Investment Corp. VII in the 4th quarter valued at about $322,000. Finally, DLD Asset Management LP grew its position in shares of Hennessy Capital Investment Corp. VII by 31.3% in the 4th quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock worth $1,518,000 after buying an additional 34,965 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HVII. Weiss Ratings reissued a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a research note on Tuesday, June 9th. Benchmark initiated coverage on Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

About Hennessy Capital Investment Corp. VII

Hennessy Capital Investment Corp. VII (NASDAQ: HVII) is a special purpose acquisition company (SPAC), commonly known as a blank-check company, formed to raise capital in a public offering for the purpose of identifying, negotiating and completing one or more business combinations. As a SPAC, its principal business activity is to locate and transact with a private operating company and provide that company with a path to become publicly traded through a de-SPAC merger or similar transaction.

The company’s operating activities center on sourcing potential acquisition targets, conducting due diligence, structuring and negotiating merger agreements, and arranging the financing needed to close transactions.