Range Capital Acquisition (NASDAQ:RANG) Issues Earnings Results

Range Capital Acquisition (NASDAQ:RANG) issued its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

Range Capital Acquisition Stock Performance

Shares of Range Capital Acquisition stock traded down $0.01 during midday trading on Thursday, hitting $10.73. The company’s stock had a trading volume of 6,439 shares, compared to its average volume of 595. The stock has a 50-day simple moving average of $10.68 and a 200-day simple moving average of $10.59. Range Capital Acquisition has a 1-year low of $10.24 and a 1-year high of $11.66.

Institutional Investors Weigh In On Range Capital Acquisition

Several hedge funds have recently bought and sold shares of the business. Sona Asset Management US LLC acquired a new position in shares of Range Capital Acquisition in the 1st quarter valued at about $1,839,000. K2 Principal Fund L.P. acquired a new stake in shares of Range Capital Acquisition during the fourth quarter worth approximately $1,231,000. Governors Lane LP acquired a new stake in shares of Range Capital Acquisition during the fourth quarter worth approximately $2,609,000. Rivernorth Capital Management LLC boosted its holdings in shares of Range Capital Acquisition by 28.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 399,765 shares of the company’s stock worth $4,166,000 after purchasing an additional 88,836 shares during the period. Finally, Harraden Circle Investments LLC purchased a new position in Range Capital Acquisition during the fourth quarter valued at approximately $3,320,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Range Capital Acquisition in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.