Range Capital Acquisition (NASDAQ:RANG – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.
Range Capital Acquisition Stock Up 0.0%
Range Capital Acquisition stock traded up $0.01 during mid-day trading on Friday, reaching $10.60. 115,267 shares of the stock traded hands, compared to its average volume of 44,777. Range Capital Acquisition has a 12-month low of $10.12 and a 12-month high of $11.63. The business’s 50-day moving average is $10.55 and its 200-day moving average is $10.49.
Institutional Investors Weigh In On Range Capital Acquisition
Large investors have recently made changes to their positions in the company. Karpus Management Inc. lifted its stake in shares of Range Capital Acquisition by 24.6% in the 2nd quarter. Karpus Management Inc. now owns 294,860 shares of the company’s stock worth $3,008,000 after purchasing an additional 58,171 shares during the period. Whitebox Advisors LLC bought a new stake in Range Capital Acquisition during the second quarter valued at approximately $2,550,000. Jane Street Group LLC purchased a new stake in Range Capital Acquisition during the second quarter valued at approximately $112,000. Moore Capital Management LP bought a new position in Range Capital Acquisition in the second quarter worth approximately $925,000. Finally, Radcliffe Capital Management L.P. bought a new position in Range Capital Acquisition in the second quarter worth approximately $188,000.
Range Capital Acquisition Company Profile
Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.
The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.
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