NewHold Investment Corp III (NASDAQ:NHIC) Releases Quarterly Earnings Results

NewHold Investment Corp III (NASDAQ:NHIC) released its earnings results on Wednesday. The company reported ($0.12) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $3.74 million for the quarter.

NewHold Investment Corp III Trading Up 0.1%

NHIC stock traded up $0.01 during trading on Thursday, hitting $10.64. The company had a trading volume of 2,621 shares, compared to its average volume of 109,060. The company has a fifty day moving average price of $10.86 and a two-hundred day moving average price of $10.62. The company has a market cap of $293.77 million, a P/E ratio of 88.67 and a beta of 0.30. NewHold Investment Corp III has a fifty-two week low of $10.16 and a fifty-two week high of $11.60.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NewHold Investment Corp III in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, NewHold Investment Corp III currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NHIC. Governors Lane LP lifted its stake in shares of NewHold Investment Corp III by 1.7% in the fourth quarter. Governors Lane LP now owns 254,190 shares of the company’s stock worth $2,635,000 after acquiring an additional 4,190 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of NewHold Investment Corp III during the 2nd quarter valued at approximately $98,000. FNY Investment Advisers LLC acquired a new position in NewHold Investment Corp III during the 2nd quarter worth $217,000. Sandia Investment Management LP bought a new stake in shares of NewHold Investment Corp III in the 2nd quarter worth about $254,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of NewHold Investment Corp III in the 3rd quarter valued at about $450,000.

About NewHold Investment Corp III

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.