L1 Global Manager Pty Ltd Takes Position in NewHold Investment Corp III $NHIC

L1 Global Manager Pty Ltd acquired a new stake in shares of NewHold Investment Corp III (NASDAQ:NHIC) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $1,555,000. NewHold Investment Corp III accounts for about 1.0% of L1 Global Manager Pty Ltd’s holdings, making the stock its 28th largest position.

Several other hedge funds have also recently made changes to their positions in NHIC. JPMorgan Chase & Co. purchased a new position in shares of NewHold Investment Corp III during the second quarter valued at approximately $1,015,000. Karpus Management Inc. purchased a new position in shares of NewHold Investment Corp III during the second quarter valued at approximately $1,207,000. Shaolin Capital Management LLC purchased a new position in shares of NewHold Investment Corp III during the second quarter valued at approximately $2,034,000. Whitebox Advisors LLC purchased a new position in shares of NewHold Investment Corp III during the second quarter valued at approximately $2,542,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in shares of NewHold Investment Corp III during the second quarter valued at approximately $9,950,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NewHold Investment Corp III currently has a consensus rating of “Sell”.

NewHold Investment Corp III Price Performance

Shares of NewHold Investment Corp III stock opened at $10.92 on Friday. The company’s fifty day simple moving average is $10.64 and its 200-day simple moving average is $10.48. The stock has a market capitalization of $301.50 million, a PE ratio of 91.00 and a beta of 0.21. NewHold Investment Corp III has a 1-year low of $10.15 and a 1-year high of $11.60.

NewHold Investment Corp III (NASDAQ:NHIC) last issued its quarterly earnings results on Monday, May 18th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $3.71 million for the quarter.

NewHold Investment Corp III Company Profile

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.