Hennessy Capital Acquisition Corp. IV (HCAC): Why analyst showing interest

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Hennessy Capital Acquisition Corp. IV (NASDAQ:HCAC) changes shares on Tuesday trading session, with a change of 5.70% or $0.62 shares. The trading starts at $11.45 and closed at $10.88 throughout the day. The trading session low price was $11.08 and day high was $11.69 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 2.2 million while its average volume is 344.32K. In other hand, the HCAC market cap reached to $442.18M.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.77% and up 6.98% for month. Its quarterly performance was 13.30% above, while its half year performance is up 13.19%. HCAC yearly performance stood at positive 16.51% and rise 13.19% for year-to-date.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. HCAC EPS (TTM) for 12-month is 0.05. Its EPS Q/Q reached 236.00%.

Glazer Capital LLC, Magnetar Financial LLC and UBS O’Connor LLC are the top three holders in Hennessy Capital Acquisition Corp. IV (HCAC) stock. On Mar 30, 2020, Glazer Capital LLC has 3.3 million shares which valued 33.36 million. On Mar 30, 2020, Magnetar Financial LLC owned 1.8 million shares which valued at 18.2 million. On Mar 30, 2020, UBS O’Connor LLC has a total of 1.77 million shares which valued at 17.86 million. In the end, UBS O’Connor LLC have 5.89% shares outstanding of Hennessy Capital Acquisition Corp. IV (HCAC) on Mar 30, 2020. The institutional holding shifted to 75.70%.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for HCAC rise 12.10% for period of 200 days. SMA for 50 days was 7.51% which is showing green signal, while SMA-20 was 3.46%. The moving average value for Hennessy Capital Acquisition Corp. IV (HCAC) is 10.38 and 10.91 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in HCAC stock. On Jul 23, GLAZER CAPITAL, LLC, 10% Owner, sold 125,111 trading shares at the cost of $12.23, which valued at 1.53 million. On Jul 22, GLAZER CAPITAL, LLC, 10% Owner, sold 28,855 shares at the cost of $11.13, with total shares of 3,109,976. On Jul 21, GLAZER CAPITAL, LLC, 10% Owner, sold 5,577 shares at the cost of 11.13. After this transaction, GLAZER CAPITAL, LLC total shares reached to 3,138,831 which valued at 62095.0.