Hennessy Capital Acquisition (BLBD) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Hennessy Capital Acquisition (NASDAQ:BLBD) from a hold rating to a sell rating in a research note published on Wednesday.

Separately, ValuEngine raised shares of Hennessy Capital Acquisition from a hold rating to a buy rating in a report on Sunday, December 31st.

Shares of Hennessy Capital Acquisition (BLBD) traded down $0.10 during mid-day trading on Wednesday, reaching $18.95. 36,422 shares of the company traded hands, compared to its average volume of 56,722. The stock has a market capitalization of $454.12, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 0.80 and a beta of 1.67. The company has a current ratio of 1.16, a quick ratio of 0.61 and a debt-to-equity ratio of -1.45. Hennessy Capital Acquisition has a 12 month low of $15.66 and a 12 month high of $21.90.

Hedge funds have recently modified their holdings of the stock. Emerald Advisers Inc. PA purchased a new position in Hennessy Capital Acquisition during the third quarter valued at approximately $703,000. Tocqueville Asset Management L.P. purchased a new position in Hennessy Capital Acquisition in the third quarter worth $7,816,000. Schwab Charles Investment Management Inc. purchased a new position in Hennessy Capital Acquisition in the second quarter worth $367,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Hennessy Capital Acquisition by 1.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,785,806 shares of the company’s stock worth $36,788,000 after purchasing an additional 17,936 shares during the last quarter. Finally, Engine Capital Management LLC grew its holdings in Hennessy Capital Acquisition by 2.3% in the second quarter. Engine Capital Management LLC now owns 224,126 shares of the company’s stock worth $3,810,000 after purchasing an additional 5,000 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors.

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About Hennessy Capital Acquisition

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.

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