Periscope Capital Inc. Decreases Position in Cartesian Growth Corp III $CGCT

Periscope Capital Inc. lessened its holdings in shares of Cartesian Growth Corp III (NASDAQ:CGCT) by 21.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 371,667 shares of the company’s stock after selling 103,333 shares during the quarter. Periscope Capital Inc.’s holdings in Cartesian Growth Corp III were worth $3,826,000 as of its most recent SEC filing.

Separately, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Cartesian Growth Corp III during the 4th quarter valued at $1,030,000.

Cartesian Growth Corp III Stock Performance

Shares of CGCT opened at $12.70 on Friday. Cartesian Growth Corp III has a 12 month low of $9.26 and a 12 month high of $15.30. The firm’s fifty day simple moving average is $10.44. The stock has a market cap of $438.12 million and a price-to-earnings ratio of 52.91.

Cartesian Growth Corp III (NASDAQ:CGCT) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.05 EPS for the quarter. The business had revenue of $2.49 million for the quarter.

Cartesian Growth Corp III Company Profile

Cartesian Growth Corp III (NASDAQ: CGCT) is a special purpose acquisition company (SPAC), commonly referred to as a blank-check company, that is listed on the Nasdaq stock exchange. As a SPAC, Cartesian Growth Corp III was formed to raise capital through an initial public offering with the objective of identifying, negotiating and completing one or more business combinations or acquisitions. The company itself does not operate an ongoing commercial business prior to completing a business combination.

The company’s principal activities center on sourcing potential acquisition targets, conducting due diligence, arranging transaction financing and completing a business combination that would result in an operating public company.