Hennessy Capital Acquisition (NASDAQ:BLBD) Upgraded to “Hold” at BidaskClub

Hennessy Capital Acquisition (NASDAQ:BLBD) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday, December 22nd.

Hennessy Capital Acquisition (NASDAQ BLBD) traded down $0.10 during trading hours on Friday, hitting $18.95. 36,422 shares of the stock traded hands, compared to its average volume of 61,066. The company has a debt-to-equity ratio of -1.45, a quick ratio of 0.61 and a current ratio of 1.16. Hennessy Capital Acquisition has a twelve month low of $15.66 and a twelve month high of $21.90. The company has a market cap of $456.52, a price-to-earnings ratio of 30.56, a P/E/G ratio of 0.81 and a beta of 1.30.

Institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA grew its position in shares of Hennessy Capital Acquisition by 82.1% in the 2nd quarter. Federated Investors Inc. PA now owns 6,143 shares of the company’s stock worth $104,000 after buying an additional 2,770 shares during the last quarter. New York State Common Retirement Fund grew its position in Hennessy Capital Acquisition by 128.2% during the 2nd quarter. New York State Common Retirement Fund now owns 10,500 shares of the company’s stock worth $179,000 after purchasing an additional 5,899 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Hennessy Capital Acquisition during the 2nd quarter worth approximately $192,000. K2 Principal Fund L.P. purchased a new stake in Hennessy Capital Acquisition during the 3rd quarter worth approximately $215,000. Finally, California State Teachers Retirement System grew its position in Hennessy Capital Acquisition by 18.4% during the 2nd quarter. California State Teachers Retirement System now owns 12,876 shares of the company’s stock worth $219,000 after purchasing an additional 2,000 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

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Hennessy Capital Acquisition Company Profile

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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