Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC) Releases Earnings Results

Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC) announced its quarterly earnings results on Friday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Hennessy Capital Investment Corp. VIII Price Performance

Shares of HCIC stock traded up $0.01 during trading hours on Friday, reaching $10.02. The stock had a trading volume of 131,412 shares, compared to its average volume of 33,844. The stock’s fifty day simple moving average is $10.00 and its 200 day simple moving average is $9.95. Hennessy Capital Investment Corp. VIII has a 12 month low of $9.79 and a 12 month high of $10.04.

Institutional Trading of Hennessy Capital Investment Corp. VIII

A hedge fund recently bought a new position in Hennessy Capital Investment Corp. VIII stock. Readystate Asset Management LP bought a new position in Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 73,500 shares of the company’s stock, valued at approximately $745,000. Readystate Asset Management LP owned approximately 0.17% of Hennessy Capital Investment Corp. VIII at the end of the most recent reporting period. 74.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Hennessy Capital Investment Corp. VIII in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hennessy Capital Investment Corp. VIII Company Profile

Hennessy Capital Investment Corp. VIII is a special purpose acquisition company, or SPAC, formed to pursue a merger, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It does not have significant operating activities of its own. The company is sponsored by an affiliate of Hennessy Capital Group, an investment firm that has sponsored other SPACs. Its search is focused on identifying a business to combine with, rather than developing or selling products and services directly.