264,398 Shares in Research Alliance Corporation III $RACC Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new stake in Research Alliance Corporation III (NASDAQ:RACC) during the 2nd quarter, Holdings Channel reports. The fund bought 264,398 shares of the company’s stock, valued at approximately $24,110,000.

Research Alliance Corporation III Trading Down 8.3%

Shares of NASDAQ:RACC opened at $24.49 on Wednesday. Research Alliance Corporation III has a one year low of $10.21 and a one year high of $33.50. The business’s 50-day simple moving average is $15.07.

Research Alliance Corporation III (NASDAQ:RACC) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.01 EPS for the quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RACC. Wall Street Zen raised shares of Research Alliance Corporation III to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings started coverage on Research Alliance Corporation III in a research note on Friday. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Research Alliance Corporation III

Research Alliance Corporation III is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Research Alliance Corporation III is based in New York.