Highbridge Capital Management LLC Invests $14.80 Million in Vine Hill Capital Investment Corp. $VCIC

Highbridge Capital Management LLC purchased a new position in Vine Hill Capital Investment Corp. (NASDAQ:VCIC) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,373,824 shares of the company’s stock, valued at approximately $14,796,000.

A number of other institutional investors also recently made changes to their positions in VCIC. Prelude Capital Management LLC acquired a new position in Vine Hill Capital Investment in the third quarter valued at $210,000. JPMorgan Chase & Co. acquired a new stake in Vine Hill Capital Investment during the third quarter worth about $266,000. Clear Street Group Inc. acquired a new stake in Vine Hill Capital Investment during the third quarter worth about $312,000. Sandia Investment Management LP acquired a new stake in Vine Hill Capital Investment during the second quarter worth about $525,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Vine Hill Capital Investment during the fourth quarter worth about $538,000.

Vine Hill Capital Investment Price Performance

Shares of NASDAQ VCIC opened at $11.00 on Friday. Vine Hill Capital Investment Corp. has a 1-year low of $8.32 and a 1-year high of $13.70. The business has a 50-day moving average of $11.05 and a 200-day moving average of $10.81. The company has a market capitalization of $322.66 million, a price-to-earnings ratio of 61.11 and a beta of 0.09.

Vine Hill Capital Investment (NASDAQ:VCIC) last issued its earnings results on Friday, March 27th. The company reported $0.04 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Vine Hill Capital Investment in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Vine Hill Capital Investment Profile

Vine Hill Capital Investment Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Vine Hill Capital Investment Corp. is based in Fort Lauderdale, Florida.