Radcliffe Capital Management L.P. Sells 237,184 Shares of GigCapital7 Corp. $GIG

Radcliffe Capital Management L.P. lowered its holdings in shares of GigCapital7 Corp. (NASDAQ:GIG) by 45.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,789 shares of the company’s stock after selling 237,184 shares during the period. Radcliffe Capital Management L.P.’s holdings in GigCapital7 were worth $3,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Highbridge Capital Management LLC bought a new position in shares of GigCapital7 during the fourth quarter valued at approximately $19,799,000. TENOR CAPITAL MANAGEMENT Co. L.P. boosted its position in shares of GigCapital7 by 232.9% in the 3rd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,690,136 shares of the company’s stock worth $17,831,000 after purchasing an additional 1,182,437 shares in the last quarter. Clear Street Group Inc. bought a new stake in shares of GigCapital7 in the 4th quarter worth approximately $1,162,000. Quarry LP purchased a new stake in shares of GigCapital7 in the 3rd quarter worth approximately $598,000. Finally, Geode Capital Management LLC purchased a new stake in shares of GigCapital7 in the 4th quarter worth approximately $562,000.

Analyst Ratings Changes

Separately, Weiss Ratings cut GigCapital7 from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, GigCapital7 has an average rating of “Sell”.

GigCapital7 Price Performance

Shares of GigCapital7 stock opened at $5.01 on Wednesday. GigCapital7 Corp. has a 1 year low of $4.17 and a 1 year high of $12.50. The firm’s 50-day moving average is $7.34 and its 200 day moving average is $9.43. The stock has a market cap of $166.82 million, a price-to-earnings ratio of 62.57 and a beta of 0.04.

GigCapital7 (NASDAQ:GIG) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.02 earnings per share for the quarter.

GigCapital7 Company Profile

GigCapital7, Inc (NASDAQ: GIG) is a special purpose acquisition company incorporated in Delaware in 2021. As a blank check corporation, it was formed solely to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021.

GigCapital7 has not generated revenue from operations and currently holds its offering proceeds in trust while it evaluates potential targets.