Range Capital Acquisition (NASDAQ:RANG) Posts Earnings Results

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

Range Capital Acquisition Trading Down 0.1%

NASDAQ RANG opened at $10.60 on Thursday. Range Capital Acquisition has a 1-year low of $10.10 and a 1-year high of $11.63. The company has a 50 day moving average of $10.55 and a 200-day moving average of $10.49.

Institutional Investors Weigh In On Range Capital Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC raised its position in shares of Range Capital Acquisition by 28.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 399,765 shares of the company’s stock valued at $4,166,000 after buying an additional 88,836 shares in the last quarter. Harraden Circle Investments LLC acquired a new position in Range Capital Acquisition during the fourth quarter valued at approximately $3,320,000. Karpus Management Inc. raised its position in Range Capital Acquisition by 24.6% during the second quarter. Karpus Management Inc. now owns 294,860 shares of the company’s stock valued at $3,008,000 after purchasing an additional 58,171 shares in the last quarter. Whitebox Advisors LLC acquired a new position in Range Capital Acquisition during the second quarter valued at approximately $2,550,000. Finally, Governors Lane LP acquired a new position in Range Capital Acquisition during the fourth quarter valued at approximately $2,609,000.

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.