Periscope Capital Inc. Has $2.07 Million Holdings in Hennessy Capital Investment Corp. VII $HVII

Periscope Capital Inc. lessened its holdings in Hennessy Capital Investment Corp. VII (NASDAQ:HVII) by 60.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the company’s stock after selling 307,043 shares during the period. Periscope Capital Inc.’s holdings in Hennessy Capital Investment Corp. VII were worth $2,070,000 at the end of the most recent reporting period.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Benchmark began coverage on shares of Hennessy Capital Investment Corp. VII in a research note on Wednesday, April 29th. They issued a “buy” rating for the company. Weiss Ratings began coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Thursday, February 5th. They set a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hennessy Capital Investment Corp. VII currently has an average rating of “Hold”.

Hennessy Capital Investment Corp. VII Price Performance

Hennessy Capital Investment Corp. VII stock opened at $10.41 on Friday. Hennessy Capital Investment Corp. VII has a fifty-two week low of $10.01 and a fifty-two week high of $10.99. The stock’s fifty day moving average price is $10.39.

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