Harraden Circle Investments LLC Takes Position in NewHold Investment Corp III $NHIC

Harraden Circle Investments LLC bought a new position in shares of NewHold Investment Corp III (NASDAQ:NHIC) during the second quarter, according to its most recent filing with the SEC. The fund bought 780,090 shares of the company’s stock, valued at approximately $8,495,000. Harraden Circle Investments LLC owned 2.83% of NewHold Investment Corp III 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 stock. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in NewHold Investment Corp III during the second quarter worth about $9,950,000. Hudson Bay Capital Management LP purchased a new position in NewHold Investment Corp III in the second quarter valued at about $8,922,000. Radcliffe Capital Management L.P. grew its position in shares of NewHold Investment Corp III by 13.7% during the 4th quarter. Radcliffe Capital Management L.P. now owns 560,971 shares of the company’s stock valued at $5,814,000 after acquiring an additional 67,767 shares during the period. Meteora Capital LLC bought a new position in shares of NewHold Investment Corp III during the 4th quarter valued at approximately $4,915,000. Finally, Kryger Capital LLC bought a new position in shares of NewHold Investment Corp III during the 1st quarter valued at approximately $4,175,000.

NewHold Investment Corp III Price Performance

Shares of NASDAQ NHIC opened at $10.62 on Friday. The stock has a market capitalization of $293.25 million, a PE ratio of -151.71 and a beta of 0.30. NewHold Investment Corp III has a one year low of $10.16 and a one year high of $11.60. The business’s fifty day moving average price is $10.72 and its 200-day moving average price is $10.64.

NewHold Investment Corp III (NASDAQ:NHIC) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $3.74 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NewHold Investment Corp III in a report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, NewHold Investment Corp III currently has a consensus rating of “Sell”.

NewHold Investment Corp III Company Profile

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.