209,774 Shares in Cartesian Growth Corp III $CGCT Purchased by Yakira Capital Management Inc.

Yakira Capital Management Inc. bought a new position in shares of Cartesian Growth Corp III (NASDAQ:CGCT) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 209,774 shares of the company’s stock, valued at approximately $2,160,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. K2 Principal Fund L.P. acquired a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $2,575,000. Harraden Circle Investments LLC acquired a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $3,124,000. L1 Global Manager Pty Ltd acquired a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $2,059,000. Marex Group plc acquired a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $309,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $20,580,000.

Cartesian Growth Corp III Price Performance

Cartesian Growth Corp III stock opened at $15.33 on Monday. Cartesian Growth Corp III has a 52 week low of $9.26 and a 52 week high of $15.30. The firm has a market capitalization of $528.89 million and a P/E ratio of 63.88. The business’s 50-day moving average price is $11.25.

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

About Cartesian Growth Corp III

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.