Hennessy Capital Investment Corp. VII $HVII Holdings Trimmed by Periscope Capital Inc.

Periscope Capital Inc. trimmed its position in shares of Hennessy Capital Investment Corp. VII (NASDAQ:HVII) by 60.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.

Hennessy Capital Investment Corp. VII Price Performance

HVII stock opened at $10.41 on Friday. Hennessy Capital Investment Corp. VII has a 1 year low of $10.01 and a 1 year high of $10.99. The firm has a fifty day simple moving average of $10.39.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HVII shares. Benchmark started coverage on shares of Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They set a “buy” rating on the stock. Weiss Ratings started coverage on shares of Hennessy Capital Investment Corp. VII in a report on Thursday, February 5th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

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.