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

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

Range Capital Acquisition Stock Down 0.1%

NASDAQ RANG traded down $0.01 on Wednesday, hitting $10.60. 33,353 shares of the company were exchanged, compared to its average volume of 72,877. The firm has a 50 day moving average of $10.55 and a two-hundred day moving average of $10.49. Range Capital Acquisition has a 1-year low of $10.10 and a 1-year high of $11.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in Range Capital Acquisition during the 4th quarter worth about $444,000. Rivernorth Capital Management LLC lifted its position in Range Capital Acquisition by 28.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 399,765 shares of the company’s stock worth $4,166,000 after buying an additional 88,836 shares in the last quarter. Governors Lane LP acquired a new position in Range Capital Acquisition during the 4th quarter worth about $2,609,000. K2 Principal Fund L.P. acquired a new position in Range Capital Acquisition during the 4th quarter worth about $1,231,000. Finally, Glazer Capital LLC acquired a new position in Range Capital Acquisition during the 4th quarter worth about $104,000.

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.