Westchester Capital Management LLC Buys 40,000 Shares of GigCapital7 Corp. $GIG

Key Points

• Westchester Capital Management LLC has increased its stake in GigCapital7 Corp. by 4.2%, now owning 999,000 shares worth $10.11 million.
• GigCapital7 has recently seen significant investments from several institutional investors, including Berkley W R Corp, which increased its position by 46% during the fourth quarter.
• The company's stock closed at $10.36, with a 52-week range of $9.89 to $10.43, and it reported an earnings per share of $0.05 for the last quarter.

Westchester Capital Management LLC raised its holdings in GigCapital7 Corp. (NASDAQ:GIG - Free Report) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 999,000 shares of the company's stock after acquiring an additional 40,000 shares during the quarter. Westchester Capital Management LLC owned 3.00% of GigCapital7 worth $10,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tabor Asset Management LP acquired a new stake in GigCapital7 during the 1st quarter worth about $17,829,000. Calamos Advisors LLC acquired a new stake in GigCapital7 during the 1st quarter worth about $9,407,000. D. E. Shaw & Co. Inc. raised its holdings in GigCapital7 by 64.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 815,000 shares of the company's stock worth $8,142,000 after buying an additional 318,717 shares during the period. Whitebox Advisors LLC acquired a new stake in GigCapital7 during the 4th quarter worth about $7,600,000. Finally, Wolverine Asset Management LLC raised its holdings in GigCapital7 by 86.3% during the 1st quarter. Wolverine Asset Management LLC now owns 563,976 shares of the company's stock worth $5,741,000 after buying an additional 261,316 shares during the period.

GigCapital7 Stock Performance

NASDAQ GIG remained flat at $10.37 on Friday. The company's stock had a trading volume of 2 shares, compared to its average volume of 31,088. The company's fifty day moving average price is $10.38 and its 200 day moving average price is $10.25. GigCapital7 Corp. has a 12-month low of $9.89 and a 12-month high of $10.43.

GigCapital7 (NASDAQ:GIG - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.05 earnings per share for the quarter.

GigCapital7 Profile

GigCapital7 Corp. is a blank check company or special purpose acquisition company. It was formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Avishay S.