Gabelli Funds LLC Buys New Stake in Inflection Point Acquisition Corp. III $IPCX

Gabelli Funds LLC purchased a new position in Inflection Point Acquisition Corp. III (NASDAQ:IPCX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 107,200 shares of the company’s stock, valued at approximately $1,080,000. Gabelli Funds LLC owned approximately 0.31% of Inflection Point Acquisition Corp. III as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Inflection Point Acquisition Corp. III in the 3rd quarter worth approximately $1,438,000. Wolverine Asset Management LLC lifted its holdings in shares of Inflection Point Acquisition Corp. III by 63.8% during the third quarter. Wolverine Asset Management LLC now owns 164,698 shares of the company’s stock valued at $1,659,000 after acquiring an additional 64,126 shares during the period. Hudson Bay Capital Management LP bought a new position in shares of Inflection Point Acquisition Corp. III during the second quarter valued at $4,848,000. Wealthspring Capital LLC acquired a new stake in shares of Inflection Point Acquisition Corp. III in the 3rd quarter valued at $5,357,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Inflection Point Acquisition Corp. III during the 3rd quarter worth about $7,552,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Inflection Point Acquisition Corp. III Stock Performance

Shares of NASDAQ:IPCX opened at $10.19 on Thursday. Inflection Point Acquisition Corp. III has a twelve month low of $10.05 and a twelve month high of $10.35. The business has a fifty day moving average of $10.16 and a 200-day moving average of $10.15.

About Inflection Point Acquisition Corp. III

Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.

Like many SPACs, Inflection Point Acquisition Corp.