Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hennessy Capital Investment Corp. VII (NASDAQ:HVII) to a sell rating in a research report sent to investors on Saturday morning.

A number of other equities analysts have also recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a research report on Tuesday, June 9th. Benchmark began coverage on Hennessy Capital Investment Corp. VII in a research note on Wednesday, April 29th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Hennessy Capital Investment Corp. VII currently has an average rating of “Hold”.

Hennessy Capital Investment Corp. VII Price Performance

Shares of HVII opened at $6.97 on Friday. The company’s 50 day moving average price is $10.28. Hennessy Capital Investment Corp. VII has a one year low of $6.25 and a one year high of $10.99.

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

Institutional Trading of Hennessy Capital Investment Corp. VII

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HVII. Lineage Point Capital LP acquired a new position in shares of Hennessy Capital Investment Corp. VII in the 4th quarter worth approximately $104,000. Barclays PLC acquired a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at $104,000. Virtu Financial LLC bought a new stake in Hennessy Capital Investment Corp. VII during the fourth quarter valued at $322,000. Cannon Global Investment Management LLC grew its holdings in Hennessy Capital Investment Corp. VII by 14.2% during the 1st quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock worth $600,000 after acquiring an additional 7,200 shares during the period. Finally, Cantor Fitzgerald L. P. bought a new position in shares of Hennessy Capital Investment Corp. VII in the 4th quarter worth about $927,000.

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.