CIC - Capitol Investment Corp. IV

NYSE - NYSE Delayed Price. Currency in USD
-0.01 (-0.10%)
At close: 4:02PM EDT

10.22 0.00 (0.00%)
After hours: 4:35PM EDT

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Previous Close10.23
Bid10.19 x 2900
Ask10.22 x 4000
Day's Range10.15 - 10.23
52 Week Range9.83 - 10.45
Avg. Volume451,001
Market Cap514.194M
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.05
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • PR Newswire5 days ago

    Capitol Investment Corp. IV and Nesco Amend Merger Agreement

    "Capitol"), a public investment vehicle, Nesco Holdings, LP ("Nesco Owner") and Nesco Holdings I, Inc. ("Nesco"), a leading provider of specialty rental equipment to the electric utility, telecom and rail end-markets, today entered into an amendment to their previously announced merger agreement. Pursuant to the amendment, the merger consideration to be issued to Nesco Owner was reduced and the sponsors of Capitol agreed to cancel an additional number of their initial shares in connection with the transaction, in addition to certain other amendments. Based on the amended merger agreement and assuming no redemptions, the combined company will have an initial enterprise value of approximately $1,037 million, based on approximately 69.0 million fully diluted shares of common stock outstanding at $10.00, estimated net debt of approximately $405 million and an adjustment for certain net operating loss carryforwards.

  • Here’s What Hedge Funds Think About Capitol Investment Corp. IV (CIC)
    Insider Monkey22 days ago

    Here’s What Hedge Funds Think About Capitol Investment Corp. IV (CIC)

    Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter. Trends reversed 180 degrees during the first quarter amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their […]

  • PR Newswire2 months ago

    Nesco and Capitol Investment Corp. IV to Participate in the UBS Global Industrials and Transportation Conference and Stifel Cross-Sector Insight Conference

    "Capitol"), a public investment vehicle, and Nesco Holdings I, Inc. ("Nesco"), a leading provider of specialty rental equipment to the electric utility, telecom and rail end-markets, announce that representatives from each company will participate in the upcoming UBS Global Industrials and Transportation Conference and Stifel Cross-Sector Insight Conference and will be available for investor meetings. Investors can schedule 1:1 meetings with the management teams at the UBS Global Industrials and Transportation Conference on June 6, 2019.  The conference will be held at the Lotte New York Palace in New York City.

  • PR Newswire2 months ago

    Nesco Holdings I, Inc. Reports First Quarter 2019 Financial Results and Reaffirms 2019 Outlook

    FORT WAYNE, Ind. , May 13, 2019 /PRNewswire/ -- Capitol Investment Corp. IV (NYSE: CIC; "Capitol"), a public investment vehicle, and Nesco Holdings I, Inc. ("Nesco"), a leading provider ...

  • Mark Ein's latest big bet is on infrastructure upgrades — including 5G networks
    American City Business Journals3 months ago

    Mark Ein's latest big bet is on infrastructure upgrades — including 5G networks

    Serial entrepreneur and investor Mark Ein might love tennis, but it was the $100 billion in annual spending on telecom and infrastructure upgrades that drew him to Indiana equipment rental company Nesco LLC. Ein's blank check company, Capitol Investment Corp. IV (NYSE: CIC), will merge into Fort Wayne-based Nesco, take the company public and give it a cash infusion. Capitol shareholders will own 72 percent of the company, while Nesco shareholders will receive 28 percent ownership. Blank check companies are set up in advance as public companies that then look for merger and acquisition deals.

  • PR Newswire3 months ago

    Capitol Investment Corp. IV to Combine with Nesco

    Growth in Infrastructure Investments for Electric Utility, Telecom and Rail Fueling Demand for Nesco's Products and Services Drove 24% Adj. "Capitol"), a public investment vehicle, and Nesco Holdings I, Inc. ("Nesco"), a leading provider of specialty rental equipment to the electric utility, telecom and rail end-markets, announced that they have entered into a definitive agreement in which Nesco will become a publicly listed company with an anticipated initial enterprise value of approximately $1.1 billion.  Nesco is currently a portfolio company of Energy Capital Partners ("ECP").

  • Reuters3 months ago

    Mark Ein's blank-check acquisition company nears deal for NESCO -sources

    Capitol Investment Corp IV, the fourth "blank-check" acquisition company formed by investor Mark Ein, is nearing a deal to buy a majority stake in NESCO LLC, valuing the aerial lifts and cranes rental company at $1.1 billion, including debt, people familiar with the matter said on Sunday. Under the terms being discussed, Capitol will acquire a 72 percent stake in NESCO, said the sources, who requested anonymity because no official announcement has been made. Private equity firm Energy Capital Partners, which led a $875 million leveraged buyout of NESCO in 2014, would retain a minority stake.

  • Mark Ein Keeps Citi Open In Washington, D.C.
    PR Newswire3 months ago

    Mark Ein Keeps Citi Open In Washington, D.C.

    WASHINGTON, April 2, 2019 /PRNewswire/ -- Washington, D.C.-based venture capitalist, entrepreneur and civic leader Mark Ein today announced that the Citi Open® tournament will remain in Washington, D.C., after closing a deal to acquire the management rights of the Citi Open from the Washington Tennis & Education Foundation (WTEF), a non-profit which provides free tennis and educational programs for children in underserved communities. While terms for the management deal were not disclosed, Ein has the option to buy the tournament within five years.

  • 7 Top-Rated Stocks to Buy for March
    InvestorPlace5 months ago

    7 Top-Rated Stocks to Buy for March

    Stocks have been doing very well in 2019. Some of this is a recovery from the massive selloff in Q4 of last year, and some of it is a rosy picture of the coming year.Underlying much of it is the Federal Reserve's repositioning on interest rates. Its stated policy was to raise at least twice in 2019 to stay ahead of creeping inflation. When that remained the case, companies' earnings were disappointing investors and their projections were equally dour, selling got started in earnest.But when the Fed relented on rate hikes, the market began to breathe easier. And as long as the Fed continues down that path, the market should continue to run.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRecent GDP numbers were decent, if not salacious. Yet there remains contradictory data that should keep us all vigilant about expecting this bull to lift all stocks into the future -- consumer spending in December was the worst since 2009.Granted the government shutdown may have had some effect, but most of the December shopping was done by the time it kicked in, so it may have been a worse number because of that, but not by much. * 10 Best Stocks to Buy and Hold Forever The seven top-rated stocks to buy for March are delivering A ratings for their quantitative qualities, meaning investors like what they see and are buying these shares enthusiastically. Capital Investment Company (CIC)Source: lee via FlickrCapital Investment Company (NYSE:CIC) is what is known in the industry as a blank-check company. Basically, it raises private equity capital in tranches and then looks for a company to buy.This the CIC's fourth such deal and it has done well with its first three investments. The first was in 2009, starting Maryland real estate investment trust Two Harbors Investment Corp (NYSE:TWO), which is now the third-largest mortgage REIT in the U.S.The second deal was in 2015, investing in Lindblad Expeditions (NASDAQ:LIND), an adventure travel company. The stock is up 48% in the past year as adventure travel becomes a very popular travel choice among many demographics.The third deal was in 2017, merging with Cision (NYSE:CISN), a media research company.Each of these deals is a separate "company," so you're essentially investing in CIC's next project. And from the looks of things, investors are coming aboard swiftly. Haymaker Acquisition (HYAC)Source: Shutterstock Haymaker Acquisition (NASDAQ:HYAC) is another blank-check firm that focuses on the consumer sector, including media and hospitality industries as well as traditional retail consumer products and services.A number of these blank-check companies showed up on my Portfolio Grader this time around, which is an interesting development. It seems that institutional investors and hedge funds are looking for market alternatives for diversification, rather than just investing in publicly traded companies or investing in private companies directly. * 10 Best High-Growth Stocks for Young Investors It seems private equity companies are now starting to be publicly traded themselves. This could be interesting. Big financial institutions may see this as a way to outsource their alternative investing portfolio without having to build or expand current operations. An interesting sector to watch, to be sure. Procter & Gamble (PG)Source: Mike Mozart via Flickr (Modified)Procter & Gamble (NYSE:PG) is the forefather of consumer staples companies. The Ohio-based company has been around since 1837 and has found a way to not just survive, but thrive during the past 182 years.It has seen depressions, world wars … pretty much anything an economy and consumers can throw at a company. Pampers, Tide, Downy, Charmin, Tampax, Old Spice, Pantene, Dawn, Gillette, Vicks, Crest, Olay, Secret and that is just to name a few.It's no surprise that a couple of years ago it went through a significant purge of brands it has accumulated over the years and refocused on its core divisions and brands. And it has paid off.In the past 12 months, this steady-Eddie company was up 23%, not including its rock-solid 2.9% dividend.And even while the markets are booming, the smart money is buying into PG as not only a great hedge, but a great total return foundation pick. Mastercard (MA)Source: Hakan Dahlstrom via Flickr (Modified)Mastercard (NYSE:MA) is another well-known brand with a deserved reputation for smart growth and solid returns. But the thing is, MA is transforming with its industry.While there is plenty of buzz about financial technology companies (aka, fintechs), MA is one of the original fintechs. And savvy investors are starting to realize it. Money is going digital and MA hasn't been sitting on its hands.For everyone concerned, a cashless world is very convenient. And for banks and companies, digital transactions are significantly cheaper than cash transactions. The downside for some is that cash provides some level of anonymity and privacy -- it isn't logged into a database with a name and account attached to it. * 10 Blue-Chip Stocks to Lead the Market But with the big money on digital payments, MA, with its global reach and well-respected brand is an easy choice for financial institutions and businesses around the world. Nike (NKE)Source: Shutterstock Nike (NYSE:NKE) is the 800-pound gorilla of the athletic footwear and apparel market. With a market cap of nearly $135 billion, it's nearly 3x larger in market than its major competitor Adidas (OTCMKTS:ADDYY).Even a hot company like Lululemon Athletica (NASDAQ:LULU) is a chimp compared to this massive primate. Although LULU has been in the press a lot recently, and I do like the company.Even though NKE has returned a respectable 31% in the past 12 months, it hasn't seen the growth that LULU has seen. Still, it looks like there's a shift of interest back into a major diversified player like NKE.And one of its big retail partners, Foot Locker (NYSE:FL) recently announced that it's investing $275 million in Asia, which is already a strong market for NKE, and this will only help the brand. And a stronger consumer at home- and the advent of spring and summer sports -- will also be a boost. Diageo (DEO)Source: Puamella via Flickr (Modified)Diageo (NYSE:DEO) is a sin stock. So, if you're not interested in one of the world's largest and best alcoholic beverage companies, then you can skip this recommendation.But if you're interested in a great company with a return of 352% in the past 17 years (give or take) -- that's about a 20.7% annual average return -- then read on.Guinness, Johnnie Walker, Smirnoff, Ketel One, Ciroc, Captain Morgan, Tanqueray are just the tip of the iceberg when it comes to the brands that sit in the DEO portfolio.Combine that with the fact that younger drinkers are buying less beer and wine and buying more high-end alcohol, they're choosing quality over volume in the U.S. And that is a big deal, since much of the U.S. consumer-focused market has always counted on U.S. consumer to be of the more-is-better mentality. * 7 Strong Buy Stocks the Street Loves Also, with the loosening of cannabis laws, infused products in North America are going to be big … and hip. DEO will certainly be a major player in this burgeoning sector. Starbucks (SBUX)Source: StarbucksStarbucks (NASDAQ:SBUX) started as a single store that operated in the famous Pike Place Fish Market in Seattle. It remained a single store for a decade until Howard Schultz joined the team.After a trip to Italy, Schultz realized the potential for cafes in the U.S., done in a truly American style. In 1987 he and a group of investors bought the original Starbucks and turned it into what we see today -- 24,000 retail stores in 70 countries.Essentially, SBUX has turned a classic European business into a quintessentially American product and brand. The past decade has seen a lot of the company's growth. And the amazing thing is, given its vast network, it still finds ways to grow its bottom -- and top -- line.And if we've learned anything about corporate chiefs that run for high public office, it's that it does wonders for their brand. Now that former CEO Schultz is looking into a presidential bid, you can be sure that for now it's free advertising every time he speaks or is featured on a new segment.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons Kraft Heinz Stock Is a Contrarian Buy * 5 Housing Stocks to Buy for Renewed Homebuilder Confidence * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio Compare Brokers The post 7 Top-Rated Stocks to Buy for March appeared first on InvestorPlace.

  • Here is What Hedge Funds Think About Capitol Investment Corp. IV (CIC)
    Insider Monkey7 months ago

    Here is What Hedge Funds Think About Capitol Investment Corp. IV (CIC)

    Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 5.7% in the 12 months ending October 26 […]

  • Mark Ein's latest blank-check company aims to cut a deal in 18 months
    American City Business Journals9 months ago

    Mark Ein's latest blank-check company aims to cut a deal in 18 months

    The Mark Ein-led Capitol Investment Corp. IV (NYSE: CIC) hopes to strike a deal to buy or merge with another company in the next 18 months. The approval of that plan would give the company 18 months — and during that time the company says it will satisfy that threshold by forming a business combination. A blank check company raises funds in an IPO — usually through a limited number of institutional investors — and then invests the cash to buy or merge with another company.

  • PR Newswire9 months ago

    Capitol Investment Corp. IV Receives Continued Listing Criteria Notice

    WASHINGTON, Oct. 9, 2018 /PRNewswire/ -- Capitol Investment Corp. IV (NYSE: CIC, the "Company") announced that on October 3, 2018, it received a notice from the staff of NYSE Regulation (the "Staff") of the New York Stock Exchange ("NYSE") stating that, based on the Staff's records, the Company is not currently in compliance with Section 802.01B of the NYSE Listed Company Manual. The Company is not currently in compliance with Section 802.01B of the Listed Company Manual, which is a criteria for continued listing on the NYSE, because it does not have at least 300 "public stockholders," which includes beneficial holders and holders of record, but does not include any holder who is, either directly or indirectly, an executive officer, director, or the beneficial holder of more than 10% of the total shares outstanding.