Radcliffe Capital Management L.P. Boosts Holdings in NewHold Investment Corp III $NHIC

Radcliffe Capital Management L.P. boosted its holdings in shares of NewHold Investment Corp III (NASDAQ:NHIC) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 560,971 shares of the company’s stock after acquiring an additional 67,767 shares during the quarter. Radcliffe Capital Management L.P.’s holdings in NewHold Investment Corp III were worth $5,814,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Glazer Capital LLC increased its holdings in NewHold Investment Corp III by 25.8% in the 4th quarter. Glazer Capital LLC now owns 303,723 shares of the company’s stock valued at $3,147,000 after purchasing an additional 62,322 shares during the last quarter. L1 Global Manager Pty Ltd purchased a new stake in shares of NewHold Investment Corp III during the fourth quarter worth approximately $1,555,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of NewHold Investment Corp III in the 4th quarter valued at approximately $4,146,000. Alyeska Investment Group L.P. purchased a new position in NewHold Investment Corp III in the third quarter valued at $450,000. Finally, Millennium Management LLC purchased a new position in shares of NewHold Investment Corp III in the 3rd quarter valued at about $1,782,000.

NewHold Investment Corp III Price Performance

NewHold Investment Corp III stock opened at $11.01 on Wednesday. The business has a 50 day simple moving average of $10.67 and a 200-day simple moving average of $10.49. NewHold Investment Corp III has a 12 month low of $10.15 and a 12 month high of $11.60. The stock has a market capitalization of $303.99 million, a PE ratio of 91.75 and a beta of 0.21.

NewHold Investment Corp III (NASDAQ:NHIC) last announced its quarterly earnings data on Monday, May 18th. The company reported $0.03 EPS for the quarter. The firm had revenue of $3.71 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.