K2 Principal Fund L.P. Sells 299,137 Shares of Hennessy Capital Investment Corp. VII $HVII

K2 Principal Fund L.P. reduced its holdings in shares of Hennessy Capital Investment Corp. VII (NASDAQ:HVII) by 84.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,442 shares of the company’s stock after selling 299,137 shares during the quarter. K2 Principal Fund L.P.’s holdings in Hennessy Capital Investment Corp. VII were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Highbridge Capital Management LLC bought a new position in shares of Hennessy Capital Investment Corp. VII during the fourth quarter valued at $15,525,000. Barclays PLC bought a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at about $104,000. DLD Asset Management LP lifted its holdings 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 valued at $1,518,000 after acquiring an additional 34,965 shares during the period. HRT Financial LP bought a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at about $1,732,000. Finally, Verbena Value LP bought a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at about $12,655,000.

Hennessy Capital Investment Corp. VII Price Performance

Shares of HVII opened at $10.42 on Friday. The stock has a 50-day moving average of $10.41. Hennessy Capital Investment Corp. VII has a 52 week low of $10.12 and a 52 week high of $10.99.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a report on Tuesday. Benchmark assumed coverage on Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Hennessy Capital Investment Corp. VII Company 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.