Range Capital Acquisition (NASDAQ:RANG) Releases Quarterly Earnings Results

Range Capital Acquisition (NASDAQ:RANG) issued its earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Range Capital Acquisition Stock Performance

Shares of RANG opened at $10.52 on Thursday. The company’s 50 day simple moving average is $10.48 and its 200-day simple moving average is $10.45. Range Capital Acquisition has a 12-month low of $10.02 and a 12-month high of $11.13.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Clear Street LLC raised its holdings in shares of Range Capital Acquisition by 978.3% in the second quarter. Clear Street LLC now owns 7,041 shares of the company’s stock valued at $72,000 after buying an additional 6,388 shares during the last quarter. Karpus Management Inc. grew its holdings in shares of Range Capital Acquisition by 24.6% during the second quarter. Karpus Management Inc. now owns 294,860 shares of the company’s stock worth $3,008,000 after buying an additional 58,171 shares during the last quarter. Whitebox Advisors LLC acquired a new position in Range Capital Acquisition in the 2nd quarter valued at about $2,550,000. Jane Street Group LLC acquired a new stake in Range Capital Acquisition during the 2nd quarter worth approximately $112,000. Finally, Berkley W R Corp lifted its position in Range Capital Acquisition by 21.1% during the 2nd quarter. Berkley W R Corp now owns 572,060 shares of the company’s stock worth $5,835,000 after acquiring an additional 99,680 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Range Capital Acquisition in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Range Capital Acquisition currently has a consensus rating of “Sell”.

About Range Capital Acquisition

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.