Tappan Street Partners buys $5,511,661 stake in Hennessy Capital Acquisition Corp (BLBD)

Hennessy Capital Acquisition Corp (BLBD) : Tappan Street Partners scooped up 211,326 additional shares in Hennessy Capital Acquisition Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 381,694 shares of Hennessy Capital Acquisition Corp which is valued at $5,511,661.Hennessy Capital Acquisition Corp makes up approximately 6.48% of Tappan Street Partners’s portfolio.

Other Hedge Funds, Including , Coastland Capital reduced its stake in BLBD by selling 133,648 shares or 16.75% in the most recent quarter. The Hedge Fund company now holds 664,167 shares of BLBD which is valued at $9,590,571. Hennessy Capital Acquisition Corp makes up approx 1.18% of Coastland Capital’s portfolio. Spark Investment Management sold out all of its stake in BLBD during the most recent quarter. The investment firm sold 10,500 shares of BLBD which is valued $151,620. Bluemountain Capital Management sold out all of its stake in BLBD during the most recent quarter. The investment firm sold 297,345 shares of BLBD which is valued $4,293,662.Blackrock Fund Advisors boosted its stake in BLBD in the latest quarter, The investment management firm added 13,217 additional shares and now holds a total of 143,434 shares of Hennessy Capital Acquisition Corp which is valued at $2,071,187. Acrospire Investment Management added BLBD to its portfolio by purchasing 11,019 company shares during the most recent quarter which is valued at $159,114. Hennessy Capital Acquisition Corp makes up approx 0.11% of Acrospire Investment Management’s portfolio.

Hennessy Capital Acquisition Corp opened for trading at $14.35 and hit $14.54 on the upside on Thursday, eventually ending the session at $14.52, with a gain of 0.21% or 0.03 points. The heightened volatility saw the trading volume jump to 21,352 shares. Company has a market cap of $324 M.

Many Wall Street Analysts have commented on Hennessy Capital Acquisition Corp. Company shares were Reiterated by Craig Hallum on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $19 .

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