Highbridge Capital Management LLC Makes New Investment in Hennessy Capital Investment Corp. VII $HVII

Highbridge Capital Management LLC acquired a new position in Hennessy Capital Investment Corp. VII (NASDAQ:HVII) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,500,000 shares of the company’s stock, valued at approximately $15,525,000.

Hennessy Capital Investment Corp. VII Price Performance

Shares of HVII stock opened at $10.43 on Friday. The stock’s 50 day simple moving average is $10.40. Hennessy Capital Investment Corp. VII has a 1-year low of $10.06 and a 1-year high of $10.99.

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

Wall Street Analysts Forecast Growth

Separately, Benchmark started coverage on Hennessy Capital Investment Corp. VII in a research report on Wednesday, April 29th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.