K2 Principal Fund L.P. Trims Stock Holdings in Hennessy Capital Investment Corp. VII $HVII

K2 Principal Fund L.P. trimmed its position in Hennessy Capital Investment Corp. VII (NASDAQ:HVII) by 84.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,442 shares of the company’s stock after selling 299,137 shares during the period. K2 Principal Fund L.P.’s holdings in Hennessy Capital Investment Corp. VII were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in Hennessy Capital Investment Corp. VII in the fourth quarter worth $104,000. DLD Asset Management LP grew its stake in Hennessy Capital Investment Corp. VII by 31.3% in the fourth quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock worth $1,518,000 after purchasing an additional 34,965 shares during the period. HRT Financial LP purchased a new stake in Hennessy Capital Investment Corp. VII in the fourth quarter worth $1,732,000. Verbena Value LP purchased a new stake in Hennessy Capital Investment Corp. VII in the fourth quarter worth $12,655,000. Finally, Highbridge Capital Management LLC purchased a new stake in Hennessy Capital Investment Corp. VII in the fourth quarter worth $15,525,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HVII shares. Benchmark started coverage on Hennessy Capital Investment Corp. VII in a research note on Wednesday, April 29th. They issued a “buy” rating on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Hennessy Capital Investment Corp. VII Stock Performance

NASDAQ HVII opened at $10.42 on Friday. Hennessy Capital Investment Corp. VII has a 12 month low of $10.12 and a 12 month high of $10.99. The business has a fifty day moving average of $10.41.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter.

Hennessy Capital Investment Corp. VII Profile

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.