Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Stock Rating Upgraded by Wall Street Zen

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a report released on Saturday.

A number of other brokerages also recently commented on HVII. Weiss Ratings reissued a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a research report on Tuesday, June 9th. Benchmark initiated coverage on shares of Hennessy Capital Investment Corp. VII in a research note on Wednesday, April 29th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hennessy Capital Investment Corp. VII presently has an average rating of “Hold”.

Hennessy Capital Investment Corp. VII Price Performance

NASDAQ:HVII opened at $6.39 on Friday. Hennessy Capital Investment Corp. VII has a 1-year low of $6.25 and a 1-year high of $10.99. The firm has a fifty day moving average price of $10.35.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last issued its earnings results on Wednesday, August 12th. The company reported $0.04 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HVII. Highbridge Capital Management LLC acquired a new stake in Hennessy Capital Investment Corp. VII during the 4th quarter valued at $15,525,000. Sculptor Capital LP bought a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth $3,654,000. Aventail Capital Group LP bought a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth $14,413,000. Barclays PLC acquired a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter valued at $104,000. Finally, Rivernorth Capital Management LLC increased its holdings in shares of Hennessy Capital Investment Corp. VII by 37.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 399,024 shares of the company’s stock valued at $4,130,000 after purchasing an additional 109,024 shares during the last quarter.

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.