Virtu Financial LLC Buys Shares of 153,055 GigCapital7 Corp. $GIG

Virtu Financial LLC bought a new position in GigCapital7 Corp. (NASDAQ:GIG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 153,055 shares of the company’s stock, valued at approximately $1,613,000. Virtu Financial LLC owned about 0.46% of GigCapital7 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Radcliffe Capital Management L.P. acquired a new stake in shares of GigCapital7 during the 2nd quarter valued at about $163,000. Cantor Fitzgerald L. P. acquired a new position in GigCapital7 in the fourth quarter worth approximately $264,000. Readystate Asset Management LP bought a new position in GigCapital7 during the fourth quarter valued at approximately $318,000. Moore Capital Management LP bought a new position in GigCapital7 during the third quarter valued at approximately $528,000. Finally, Geode Capital Management LLC acquired a new stake in GigCapital7 in the fourth quarter valued at approximately $562,000.

Analyst Upgrades and Downgrades

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

GigCapital7 Stock Performance

GIG opened at $5.00 on Friday. The firm has a market cap of $166.82 million, a P/E ratio of 62.57 and a beta of 0.04. The business has a 50 day moving average price of $7.00 and a 200 day moving average price of $9.33. GigCapital7 Corp. has a twelve month low of $4.17 and a twelve month high of $12.50.

GigCapital7 (NASDAQ:GIG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.02 EPS for the quarter.

About GigCapital7

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.